Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v2.4.0.8
Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2014
Summary of Intangible Assets

The following is a summary of intangible assets as of June 30, 2014 and December 31, 2013:

 

 

  

Customer
Relationships

 

 

Other
Intangible
Assets

 

 

Total

 

Cost

  

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2014

  

$

17,560

  

 

$

1,663

  

 

$

19,223

  

Balance, June 30, 2014

  

 

17,560

 

 

 

1,663

 

 

 

19,223

  

Useful lives

  

 

10-20 years

 

 

 

3-5 years

 

 

 

 

 

Accumulated amortization

  

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2014

  

 

(5,410

)

 

 

(1,224

)

 

 

(6,634

)

Amortization expense

  

 

(630

)

 

 

(89

)

 

 

(719

)

Balance, June 30, 2014

  

 

(6,040

)

 

 

(1,313

)

 

 

(7,353

)

Net book value

  

$

11,520

 

 

$

350

 

 

$

11,870

  

Cost

  

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2013

  

$

15,910

  

 

$

1,566

  

 

$

17,476

  

Acquisition of certain assets of Ten-Sixty

  

 

1,650

  

 

 

97

  

 

 

1,747

  

Balance, December 31, 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

  

 

(1,172

)

 

 

(349

)

 

 

(1,521

)

Balance, December 31, 2013

 

 

(5,410

)

 

 

(1,224

)

 

 

(6,634

)

Net Book Value

  

 $

12,150

 

 

 $

439

 

 

 $

12,589

 

 

Schedule of Future Amortization Related to Intangible Assets

Amortization related to the Company’s finite life intangible assets is scheduled to be expensed over the next five years and thereafter as follows:

 

2014 (remainder of)

  

$

703

  

2015

  

 

1,291

  

2016

  

 

1,236

  

2017

  

 

1,135

  

2018

  

 

1,001

 

Thereafter

  

 

6,504

 

Total

  

$

11,870