Intangible Assets

3 Months Ended

Mar. 31, 2017

Note 4. Intangible Assets

The Company amortizes intangible assets, which consist of purchased technologies that have estimated useful lives ranging from 1 to 6 years, using the straight-line method when the consumption pattern of the asset is not apparent. The Company reviews such assets for impairment whenever an impairment indicator exists and continually monitors events and changes in circumstances that could indicate carrying amounts of the intangible assets may not be recoverable. When such events or changes in circumstances occur, the Company assesses recoverability by determining whether the carrying value of such assets exceed the estimates of future undiscounted future cash flows expected to be generated by such assets. Should impairment exist, the impairment loss would be measured based on the excess carrying value of the asset over the asset’s estimated fair value. There was no impairment of intangible assets recorded for the three months ended March 31, 2017.

Amortization of intangible assets and other for the three months ended March 31, 2017 and 2016 was $10,000 and $267,000, respectively.

The following table summarizes the components of intangible assets (in thousands):

	Non- compete			Partner Relationships			Customer Base			Technology Rights			Tradenames			Indefinite Life Intangibles		Total
As of March 31, 2017
Gross carrying value	$	593		$	145		$	641		$	5,330		$	760		$	250	$	7,719
Accumulated amortization		(587	)		(145	)		(641	)		(5,330	)		(760	)		—		(7,463	)
Net carrying value	$	6		$	—		$	—		$	—		$	—		$	250	$	256
As of December 31, 2016
Gross carrying value	$	593		$	145		$	641		$	5,330		$	760		$	250	$	7,719
Accumulated amortization		(581	)		(145	)		(637	)		(5,330	)		(760	)		—		(7,453	)
Net carrying value	$	12		$	—		$	4		$	—		$	—		$	250	$	266

In December 2006, we acquired the use of a toll-free telephone number for cash consideration of $250,000. This asset has an indefinite useful life.

The estimated future amortization expense of intangible assets, with the exception of the indefinite-life intangible assets as of March 31, 2017 is as follows (in thousands):

Fiscal Year	Amount
2017 (April-June)	$	6

Weighted average remaining useful life	0.21 years