| Summary of Intangible Assets |
The following is a summary of intangible assets as of September 30, 2013 and December 31, 2012:
|
|
Customer
Relationships
|
|
|
Other
Intangible
Assets
|
|
|
Total
|
|
|
Cost
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, January 1, 2013
|
$ |
|
15,910 |
|
|
$ |
|
1,566 |
|
|
$ |
|
17,476 |
|
|
Acquisition of certain assets of Ten-Sixty
|
|
1,650 |
|
|
|
97 |
|
|
|
1,747 |
|
|
Balance, September 30, 2013
|
|
17,560 |
|
|
|
1,663 |
|
|
|
19,223 |
|
|
Useful lives
|
|
10‑20 years
|
|
|
|
3‑5 years
|
|
|
|
|
|
|
Accumulated amortization
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, January 1, 2013
|
|
(4,238
|
)
|
|
|
(875
|
)
|
|
|
(5,113
|
)
|
|
Amortization expense
|
|
(885
|
)
|
|
|
(271
|
)
|
|
|
(1,156
|
)
|
|
Balance, September 30, 2013
|
|
(5,123
|
)
|
|
|
(1,146
|
)
|
|
|
(6,269
|
)
|
|
Net book value
|
$ |
|
12,437 |
|
|
$ |
|
517 |
|
|
$ |
|
12,954 |
|
|
Cost
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, January 1, 2012
|
$ |
|
15,910 |
|
|
$ |
|
1,566 |
|
|
$ |
|
17,476 |
|
|
Balance, December 31, 2012
|
|
15,910 |
|
|
|
1,566 |
|
|
|
17,476 |
|
|
Useful lives
|
|
10‑20 years
|
|
|
|
3‑5 years
|
|
|
|
|
|
|
Accumulated amortization
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, January 1, 2012
|
|
(3,144
|
)
|
|
|
(522
|
)
|
|
|
(3,666
|
)
|
|
Amortization expense
|
|
(1,094
|
)
|
|
|
(353
|
)
|
|
|
(1,447
|
)
|
|
Balance, December 31, 2012
|
|
(4,238
|
)
|
|
|
(875
|
)
|
|
|
(5,113
|
)
|
|
Net book value
|
$ |
|
11,672 |
|
|
$ |
|
691 |
|
|
$ |
|
12,363 |
|
|
| Schedule of Future Amortization Related to Intangible Assets |
As of September 30, 2013, amortization related to the Company’s finite life intangible assets is scheduled to be expensed over the next five years and thereafter as follows:
|
2013 (remainder of)
|
$ |
|
367 |
|
|
2014
|
|
1,422 |
|
|
2015
|
|
1,291 |
|
|
2016
|
|
1,236 |
|
|
2017
|
|
1,135 |
|
|
Thereafter
|
|
7,503 |
|
|
Total
|
$ |
|
12,954 |
|
|