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Intangible Assets, net (Tables)
6 Months Ended
Jun. 30, 2015
Intangible Assets, net  
Summary of intangible assets, net

 

 

 

June 30, 2015 (unaudited)

 

December 31, 2014

 


Weighted
Average
Life (in
Years)

 

Acquired
Intangible
Assets,
Gross (1)

 

Accumulated
Amortization

Acquired
Intangible
Assets,
Net

Acquired
Intangible
Assets,
Gross (1)

Accumulated
Amortization

Acquired
Intangible
Assets,
Net

Covenant not to compete

3.5

 

$

933 

$

(886)

$

47 

 

$

933 

 

$

(879)

 

$

54

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names and trademarks

4.4

 

 

9,770 

 

(6,658)

 

3,112 

 

 

9,770 

 

 

(5,487)

 

 

4,283

Proprietary know how

9.9

 

 

34,650 

 

(21,168)

 

13,482 

 

 

34,650 

 

 

(17,358)

 

 

17,292

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management contract rights

16.0

 

 

81,000 

 

(14,187)

 

66,813 

 

 

81,000 

 

 

(11,601)

 

 

69,399

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquired intangible assets, net (2)

13.8

 

$

126,353 

$

(42,899)

$

83,454 

 

$

126,353 

 

$

(35,325)

 

$

91,028

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Excludes the original cost and accumulated amortization of fully amortized intangible assets.

(2)

Intangible assets have estimated useful lives between one and nineteen years.

 

Summary of amortization of intangible assets

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,
2015

 

June 30,
2014

 

June 30,
2015

 

June 30,
2014

 

Amortization expense related to intangible assets included in depreciation and amortization

 

$

3,792 

 

$

3,796 

 

$

7,575 

 

$

7,597