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Intangible Assets
12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets

Intangible assets, recorded in connection with the acquisition of Affinity (see Note 4), consisted of the following at December 31, 2013 and 2012 (in thousands):

 
December 31,
 
 
 
2013
 
2012
 
Estimated Useful Life
Customer relationships
$
5,100

 
$
5,100

 
5 Years
Affiliate network
1,710

 
1,710

 
12 Years
Trademarks
760

 
760

 
8 Years
 
7,570

 
7,570

 
 
Accumulated amortization
(1,572
)
 
(314
)
 
 
Intangible assets, net
$
5,998

 
$
7,256

 
 


Intangible assets with finite lives are amortized using the straight-line method over the estimated economic lives of the assets, which range from five years to twelve years in accordance with ASC Topic 350 "Intangibles - Goodwill and Other - Testing Indefinite-Lived Intangible Assets for Impairment". Intangible assets with finite lives are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. During the year ended December 31, 2013, the Company performed an impairment test of intangible assets and determined that no impairment charges were required. Related amortization expense was $1,258,000 and $314,000 for the years ended December 31, 2013 and 2012, respectively. Amortization expense for the next five succeeding years will be as follows (in thousands):

2014
$
1,258

2015
1,258

2016
1,258

2017
1,003

Thereafter
1,221