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Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2014
Intangible Assets  
Summary of intangible assets

Intangible assets consisted of the following at September 30, 2014 and December 31, 2013 (in thousands):

                                                                                                                                                                                     

 

 

September 30,
2014

 

December 31,
2013

 

Useful Life

 

Client relationships

 

$

102,755

 

$

102,755

 

5-10 years

 

Restrictive covenants

 

18,300

 

18,300

 

3-7 years

 

Trade name

 

17,312

 

19,532

 

3-5 years

 

 

 

138,367

 

140,587

 

 

 

 

 

 

 

 

 

 

 

Less: Accumulated amortization

 

(58,627

)

(45,275

)

 

 

Intangible assets, net

 

$

79,740

 

$

95,312

 

 

 

 

Schedule of estimated amortization expense of intangible assets

Estimated amortization expense for intangible assets is expected to approximate the following (in thousands):

                                                                                                                                                                                     

Year Ending December 31,

 

 

 

Remainder of 2014

 

$  5,161

 

2015

 

20,270 

 

2016

 

19,934 

 

2017

 

16,613 

 

2018

 

15,992 

 

Thereafter

 

1,770