Seat Licenses And Other Intangible Assets

12 Months Ended

Dec. 31, 2014

Goodwill And Intangible Assets[Abstract]

Seat Licenses And Other Intangible Assets

NOTE 4: 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, 2014
Seat licenses	$	2,936	$	(1,393	)	$	1,543
		Gross		Accumulated			Net
($ in thousands)		Value		Amortization			Value
As of December 31, 2013
Seat licenses	$	2,606	$	(857	)	$	1,749

The amortization expense is recorded in the consolidated statements of operations under depreciation and amortization in the amount of $0.5 million for the years ended December 31, 2014 and 2013. In 2014, the Company utilized $0.1 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 is 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)
2015	$	563
2016		511
2017		290
2018		135
2019		44

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, 2014
Customer relationships	8 years	$	5,400	$	(2,306	)	$	3,094
Trade name	15 years		2,400		(547	)		1,853
Website	12 years		95		(22	)		73
Total		$	7,895	$	(2,875	)	$	5,020

	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

The amortization expense is recorded in the consolidated statements of operations under depreciation and amortization in the amount of $0.9 million for the years ended December 31, 2014 and 2013.

Future amortization expense is expected to be recorded as follows:

		Amount
Year		($ in thousands)
2015	$	851
2016		849
2017		839
2018		839
2019		558