Seat Licenses And Other Intangible Assets

12 Months Ended

Dec. 31, 2013

Goodwill Amd Intangible Assets[Abstract]

Seat Licenses And Other Intangible Assets

NOTE 7: SEAT LICENSES AND OTHER INTANGIBLE ASSETS

The components of seat licenses are as follows:

		Gross		Accumulated			Net
($ in thousands)		Value		Amortization			Value
As of December 31, 2013
Seat licenses	$	2,606	$	(857	)	$	1,749

		Gross		Accumulated			Net
($ in thousands)		Value		Amortization			Value
As of December 31, 2012
Seat licenses	$	2,072	$	(558	)	$	1,514

The amortization expense is recorded in the consolidated statements of operations under depreciation and amortization in the amounts of $0.5 million, $0.3 million and $0.1 million for the years ended December 31, 2013, 2012 and 2011, respectively. In 2013, the Company utilized $0.4 million of capital leases to purchase seat licenses. Terms of these capital leases are up to three years. Amortization of the seat licenses associated with capital leases are included in the depreciation and amortization line of the consolidated statements of operations.

Future amortization expense is expected to be recorded as follows:

		Amount
Year		($ in thousands)
2014	$	507
2015		504
2016		416
2017		199
2018		35

The components of other intangible assets are as follows:

	Average Estimated		Gross		Accumulated			Net
($ in thousands)	Useful Lives		Value		Amortization			Value
As of December 31, 2013
Customer relationships	8 years	$	5,400	$	(1,631	)	$	3,769
Trade name	15 years		2,400		(387	)		2,013
Website	12 years		79		(5	)		74
Total		$	7,879	$	(2,023	)	$	5,856

	Average Estimated		Gross		Accumulated			Net
($ in thousands)	Useful Lives		Value		Amortization			Value
As of December 31, 2012
Customer relationships	8 years	$	5,400	$	(956	)	$	4,444
Trade name	15 years		2,400		(227	)		2,173
Total		$	7,800	$	(1,183	)	$	6,617

The amortization expense is recorded in the consolidated statements of operations under depreciation and amortization in the amounts of $0.8 million, $0.9 million and $0.4 million for the years ended December 31, 2013, 2012, and 2011, respectively.

Future amortization expense is expected to be recorded as follows:

		Amount
Year		($ in thousands)
2014	$	846
2015		846
2016		844
2017		839
2018		839