Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net (Tables)

v3.7.0.1
Intangible Assets, Net (Tables)
6 Months Ended
Jun. 30, 2017
Intangible Assets, Net  
Schedule of components of intangible assets, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2017

 

December 31, 2016

 

    

 

 

 

    

    

Gross

    

    

 

    

Net

    

Gross

    

    

 

    

Net

 

 

Estimated

 

Carrying

 

Accumulated

 

Carrying

 

Carrying

 

Accumulated

 

Carrying

 

 

Useful Life

 

Amount

 

Amortization

 

Amount

 

Amount

 

Amortization

 

Amount

Customer lists

 

4

-

15

years

 

$

259,350

 

$

(66,820)

 

$

192,530

 

$

259,490

 

$

(54,861)

 

$

204,629

Proprietary technologies

 

2

-

8

years

 

 

57,328

 

 

(25,419)

 

 

31,909

 

 

57,770

 

 

(20,214)

 

 

37,556

Trade names

 

2

-

7

years

 

 

24,889

 

 

(7,905)

 

 

16,984

 

 

25,007

 

 

(6,178)

 

 

18,829

Backlog

 

 

 

4

years

 

 

11,000

 

 

(8,521)

 

 

2,479

 

 

11,000

 

 

(6,456)

 

 

4,544

Total intangible assets

 

 

 

 

 

 

$

352,567

 

$

(108,665)

 

$

243,902

 

$

353,267

 

$

(87,709)

 

$

265,558

 

Schedule of amortization expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30,

 

June 30,

 

    

2017

    

2016

 

2017

    

2016

Amortization expense

 

$

10,371

 

$

12,195

 

$

20,956

 

$

24,121

 

Schedule of future amortization expense of the intangible assets

Future amortization expense of the intangible assets as of June 30, 2017, is expected to be as follows:

 

 

 

 

 

 

 

Years ending December 31:

 

 

Remainder of 2017

$

20,645

2018

 

35,691

2019

 

32,092

2020

 

28,368

2021

 

20,678

Thereafter

 

106,428

 

$

243,902