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INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2014
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

 

6.INTANGIBLE ASSETS

 

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

 

 

 

 

 

September 30, 2014

 

December 31, 2013

 

 

 

Life

 

Gross
Amount

 

Accumulated
amortization

 

Net Book
Value

 

Gross
Amount

 

Accumulated
amortization

 

Net Book
Value

 

Customer lists

 

8 - 15 years

 

$
34,477

 

$
(5,326

)

$
29,151

 

$
34,166

 

$
(3,821

)

$
30,345

 

Trade name

 

10 years

 
4,775

 
(1,314

)
3,461

 
4,775

 
(1,012

)
3,763

 

Design and technologies

 

8 - 10 years

 
2,526

 
(1,626

)
900

 
2,730

 
(1,637

)
1,093

 

Patents

 

 

 
24

 
(4

)
20

 
24

 
(3

)
21

 

Total

 

 

 

$
41,802

 

$
(8,270

)

$
33,532

 

$
41,695

 

$
(6,473

)

$
35,222

 

 

Amortization expense for intangible assets was $697 and $83 for the quarters ending September 30, 2014 and 2013, respectively; and $2,045 and $252 for the nine months ended September 30, 2014 and 2013, respectively.