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INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2015
INTANGIBLE ASSETS  
Schedule of intangible assets

 

 

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

 

 

 

 

 

June 30, 2015

 

December 31, 2014

 

 

 

Life

 

Gross
Amount

 

Accumulated
amortization

 

Net Book
Value

 

Gross
Amount

 

Accumulated
amortization

 

Net Book
Value

 

Customer lists

 

8 - 15 years

 

$

34,184

 

$

(6,742

)

$

27,442

 

$

34,379

 

$

(5,801

)

$

28,578

 

Trade name

 

10 years

 

4,775

 

(1,601

)

3,174

 

4,775

 

(1,409

)

3,366

 

Design and technologies

 

8 - 10 years

 

2,224

 

(1,532

)

692

 

2,425

 

(1,598

)

827

 

Patents

 

 

 

24

 

(5

)

19

 

24

 

(4

)

20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

$

41,207

 

$

(9,880

)

$

31,327

 

$

41,603

 

$

(8,812

)

$

32,791

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of estimated amortization expense for intangible assets

 

Estimated future intangible asset amortization expense as of June 30, 2015 is as follows (in thousands):

 

 

 

Estimated
Amortization
Expense

 

Remainder of 2015

 

$

1,323 

 

2016

 

2,645 

 

2017

 

2,645 

 

2018

 

2,645 

 

2019

 

2,645 

 

Thereafter

 

19,424 

 

 

 

 

 

Total estimated amortization expense

 

$

31,327