INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2014

INTANGIBLE ASSETS

INTANGIBLE ASSETS

4. INTANGIBLE ASSETS

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

		December 31, 2014							December 31, 2013
	Life	Gross Amount		Accumulated amortization			Net Book Value		Gross Amount		Accumulated amortization			Net Book Value
Customer lists	8 - 15 years	$	34,379	$	(5,801	)	$	28,578	$	34,166	$	(3,821	)	$	30,345
Trade name	10 years		4,775		(1,409	)		3,366		4,775		(1,012	)		3,763
Design and technologies	8 - 10 years		2,425		(1,598	)		827		2,730		(1,637	)		1,093
Patents			24		(4	)		20		24		(3	)		21
Total		$	41,603	$	(8,812	)	$	32,791	$	41,695	$	(6,473	)	$	35,222

        Intangible assets acquired from the Globe Motors acquisition were $34,040 (Note 2).

        Total amortization expense for intangible assets for the years 2014 and 2013 was $2,714 and $825 respectively. Estimated amortization expense for intangible assets is as follows:

Year ending December 31,	Total
2015	$	2,669
2016		2,669
2017		2,669
2018		2,669
2019		2,669
Thereafter		19,446
	$	32,791