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Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2016
Intangible assets

Intangible assets consisted of the following at March 31, 2016 (in thousands):

 

     Gross Carrying
Amount
     Accumulated
Amortization
     Weighted
Average
Useful Life
(in years)
 

Technology – developed

   $ 3,315       $ (854      12   

In process research and development

     1,600         —          —    

Patents

     240         (185      8   

Customer relationships

     11,985         (4,346      9   

Trademark/ tradename

     700         —          —    
  

 

 

    

 

 

    

 

 

 

Total intangible assets

   $ 17,840       $ (5,385      10   
  

 

 

    

 

 

    

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

 

     Gross Carrying
Amount
     Accumulated
Amortization
     Weighted
Average
Useful Life
(in years)
 

Technology – developed

   $ 3,295       $ (782      12   

In process research and development

     1,600         —          —    

Patents

     240         (177      8   

Customer relationships

     11,805         (3,926      9   

Trademark/ tradename

     700         —          —    
  

 

 

    

 

 

    

 

 

 

Total intangible assets

   $ 17,640       $ (4,885      10   
  

 

 

    

 

 

    
Schedule of Amortization Expense for Amortized Intangible Assets

As of March 31, 2016, the Company expects to record amortization expense as follows (in thousands):

 

Years Ending

   Amortization Expense  

December 31, 2016 (nine months remaining)

   $ 1,279   

December 31, 2017

     1,705   

December 31, 2018

     1,541   

December 31, 2019

     1,526   

December 31, 2020

     1,190