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Intangible and Other Assets
12 Months Ended
Dec. 31, 2013
Intangible and Other Assets
2. Intangible and Other Assets

Following is a summary of intangible assets as of December 31:

 

     Weighted
Average
Life
     2013      2012  
      Gross
Amount
     Accumulated
Amortization
     Gross
Amount
     Accumulated
Amortization
 

Intangibles:

  

Patents and licenses, software and hardware designs

     6 years       $ 3,620       $ 1,461       $ 3,955       $ 1,684   

Developed technology

     10 years         2,782         1,182         2,782         904   

Customer relationships and non-compete

     9 years         2,838         1,428         2,838         1,092   

Trademark

     Indefinite         833         —           833         —     
     

 

 

    

 

 

    

 

 

    

 

 

 
      $ 10,073       $ 4,071       $ 10,408       $ 3,680   
     

 

 

    

 

 

    

 

 

    

 

 

 

Amortization expense for 2013, 2012 and 2011 was $1,173, $1,224 and $1,131, respectively. Estimated amortization expense for each of the ensuing years through December 31, 2018 is $1,162, $1,086, $734, $638 and $565, respectively.

Following is a summary of other assets as of December 31:

 

     2013      2012  

Other assets:

     

Bauxite raw materials:

     

Inventories

   $ 9,949       $ 13,143   

Prepayments

     474         474   

Other assets

     445         220   
  

 

 

    

 

 

 
   $ 10,868       $ 13,837   
  

 

 

    

 

 

 

Bauxite raw materials are used in the production of heavyweight ceramic products. As of December 31, 2013 and 2012, the Company has classified as long-term assets those bauxite raw materials inventories that are not expected to be consumed in production during the upcoming twelve month period.