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INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2013
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

4. INTANGIBLE ASSETS

        Intangible assets on the Company's consolidated balance sheets consist of the following (in thousands):

 
    
   December 31, 2013   December 31, 2012  
 
   Life   Gross
Amount		   Accumulated
amortization		   Net Book
Value		   Gross
Amount		   Accumulated
amortization		   Net Book
Value		  

Customer lists

   8 - 15 years   $ 34,166   $ (3,821 ) $ 30,345   $ 4,364   $ (3,212 ) $ 1,152  

Trade name

   10 years     4,775     (1,012 )   3,763     946     (889 )   57  

Design and technologies

   8 - 10 years     2,730     (1,637 )   1,093     2,626     (1,427 )   1,199  

Patents

         24     (3 )   21     24     (1 )   23  
                               
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Total

       $ 41,695   $ (6,473 ) $ 35,222   $ 7,960   $ (5,529 ) $ 2,431  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

        Intangible assets acquired from the Globe Motors acquisition were $33,530 (Note 2).

        Total amortization expense for intangible assets for the years 2013 and 2012 was $825 and $548 respectively. Estimated amortization expense for intangible assets is as follows:

Year ending December 31,
  Total  

2014

   $ 2,685  

2015

     2,671  

2016

     2,671  

2017

     2,671  

2018

     2,671  

Thereafter

     21,853  
       
​ ​ ​ ​ ​

 

   $ 35,222  
       
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