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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the nine month period ended September 30, 2015 and for the year ended December 31, 2014 are as follows (in thousands):

 

 

 

September 30,

 

 

December 31,

 

 

 

2015

 

 

2014

 

Balance as of January 1

 

$

2,929

 

 

$

-

 

Goodwill acquired during the period

 

 

-

 

 

 

2,929

 

Balance at end of period

 

$

2,929

 

 

$

2,929

 

 

Classes of Intangible Assets

Intangible assets as of September 30, 2015 and December 31, 2014 consisted of the following (in thousands):

 

 

 

 

 

September 30, 2015

 

 

 

Amortization

Period

 

COST

 

 

Accumulated

Amortization

 

 

Net

 

Customer Relationships

 

156 months

 

$

1,930

 

 

$

183

 

 

$

1,747

 

Support Vector Machine (SVM) technology

 

108 months

 

 

500

 

 

 

199

 

 

 

301

 

Laboratory developed test (LDT) technology

 

164 months

 

 

1,482

 

 

 

389

 

 

 

1,093

 

Flow Cytometry and Cytogenetics technology

 

202 months

 

 

1,000

 

 

 

213

 

 

 

787

 

Total

 

 

 

$

4,912

 

 

$

984

 

 

$

3,928

 

 

 

 

 

 

December 31, 2014

 

 

 

Amortization

Period

 

COST

 

 

Accumulated

Amortization

 

 

Net

 

Customer Relationships

 

156 months

 

$

1,930

 

 

$

71

 

 

$

1,859

 

Support Vector Machine (SVM) technology

 

108 months

 

 

500

 

 

 

167

 

 

 

333

 

Laboratory developed test (LDT) technology

 

164 months

 

 

1,482

 

 

 

297

 

 

 

1,185

 

Flow Cytometry and Cytogenetics technology

 

202 months

 

 

1,000

 

 

 

165

 

 

 

835

 

Total

 

 

 

$

4,912

 

 

$

700

 

 

$

4,212

 

 

Estimated Amortization Expense

The estimated amortization expense related to amortizable intangible assets for each of the five succeeding fiscal years and thereafter as of September 30, 2015 is as follows (in thousands):

 

Year Ending December 31,

 

 

 

 

Remainder of 2015

 

$

93

 

2016

 

 

372

 

2017

 

 

372

 

2018

 

 

372

 

2019

 

 

372

 

2020

 

 

372

 

Thereafter

 

 

1,975

 

Total

 

$

3,928