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Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2015
Intangible Assets  
Summary of intangible assets

Intangible assets consisted of the following at March 31, 2015 and December 31, 2014 (in thousands):

 

 

Gross Value

 

Accumulated
Amortization

 

Net Book
Value

 

Useful
Life

 

March  31, 2015

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

102,755

 

$

(47,568

)

$

55,187

 

5-10 years

 

Restrictive covenants

 

18,000

 

(12,309

)

5,691

 

3-7 years

 

Trade name

 

17,000

 

(8,377

)

8,623

 

3-5 years

 

 

 

$

137,755

 

$

(68,254

)

$

69,501

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

102,755

 

$

(44,020

)

$

58,735

 

5-10 years

 

Restrictive covenants

 

18,000

 

(11,394

)

6,606

 

3-7 years

 

Trade name

 

17,000

 

(7,763

)

9,237

 

3-5 years

 

 

 

$

137,755

 

$

(63,177

)

$

74,578

 

 

 

 

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 2015

 

$

15,193 

 

2016

 

19,933 

 

2017

 

16,613 

 

2018

 

15,993 

 

2019

 

1,582 

 

Thereafter

 

187