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Intangible Assets
 3 Months Ended
Mar. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets
5. Intangible Assets

The amount of identified intangible assets, including the respective amounts of accumulated amortization, are as follows:

 

               March 31,          
2014		             December 31,        
2013		  

Database

     $ 17,745,000         $ 17,149,000      

Accumulated amortization

      (13,651,000)         (13,238,000)     
  

 

 

    

 

 

  

Database, net

      4,094,000          3,911,000      
  

 

 

    

 

 

  

Customer relationships

      14,100,000          14,100,000      

Accumulated amortization

      (6,658,000)         (6,417,000)     
  

 

 

    

 

 

  

Customer relationships, net

      7,442,000          7,683,000      
  

 

 

    

 

 

  

Web site

      10,884,000          10,402,000      

Accumulated amortization

      (7,518,000)         (7,095,000)     
  

 

 

    

 

 

  

Web site, net

      3,366,000          3,307,000      
  

 

 

    

 

 

  

Acquired below market lease

      2,800,000          2,800,000      

Accumulated amortization

      (2,090,000)         (2,014,000)     
  

 

 

    

 

 

  

Acquired below market lease, net

      710,000          786,000      
  

 

 

    

 

 

  

Intangibles, net

     $ 15,612,000         $ 15,687,000      
  

 

 

    

 

 

  

The Company capitalized approximately $596,000 and $528,000 to the database intangible asset and $482,000 and $558,000 to the web site intangible asset during the three months ended March 31, 2014 and 2013, respectively.

Amortization expense for intangible assets aggregated approximately $1,153,000 for the three months ended March 31, 2014, of which approximately $413,000 related to the database, which is charged to cost of sales, approximately $241,000 related to customer relationships, which is charged to sales and marketing expense, approximately $423,000, related to web site development, which is charged to product development expense, and approximately $76,000 related to the value ascribed to the below market terms of the office lease, which is charged to general and administrative expense, all in the Reis Services segment. Amortization expense for intangible assets aggregated approximately $1,135,000 for the three months ended March 31, 2013, of which approximately $366,000 related to the database, approximately $244,000 related to customer relationships, approximately $449,000 related to web site development, and approximately $76,000 related to the value ascribed to the below market terms of the office lease.