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Intangible and Other Assets
12 Months Ended
Dec. 31, 2014
Intangible and Other Assets
2. Intangible and Other Assets

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

 

     Weighted
Average
Life
   2014      2013  
        Gross
Amount
     Accumulated
Amortization
     Gross
Amount
     Accumulated
Amortization
 

Intangibles:

  

Patents and licenses, software and hardware designs

   6 years    $ 4,222       $ 2,171       $ 3,620       $ 1,461   

Developed technology

   10 years      2,782         1,461         2,782         1,182   

Customer relationships and non-compete

   9 years      2,838         1,753         2,838         1,428   

Trademark

   Indefinite      833         —           833         —     
     

 

 

    

 

 

    

 

 

    

 

 

 
$ 10,675    $ 5,385    $ 10,073    $ 4,071   
     

 

 

    

 

 

    

 

 

    

 

 

 

Amortization expense for 2014, 2013 and 2012 was $1,313, $1,173 and $1,224, respectively. Estimated amortization expense for each of the ensuing years through December 31, 2019 is $1,238, $700, $638, $565 and $279, respectively.

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

 

     2014      2013  

Other assets:

     

Bauxite raw materials:

     

Inventories

   $ 9,404       $ 9,949   

Prepayments

     —           474   

Other assets

     1,041         445   
  

 

 

    

 

 

 
$ 10,445    $ 10,868   
  

 

 

    

 

 

 

Bauxite raw materials are used in the production of heavyweight ceramic products. As of December 31, 2014 and 2013, 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.