Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.3.0.814
Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets

The following is a summary of intangible assets as of September 30, 2015 and December 31, 2014:

 

 

 

Customer
Relationships

 

 

Other
Intangible
Assets

 

 

Total

 

Cost

  

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2015

  

$

17,560

  

 

$

1,663

  

 

$

19,223

  

Acquisition of Jamison

 

 

5,000

 

 

 

800

 

 

 

5,800

 

Balance, September 30, 2015

  

 

22,560

 

 

 

2,463

 

 

 

25,023

  

Useful lives

  

 

10-20 years

 

 

 

3-5 years

 

 

 

 

 

Accumulated amortization

  

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2015

  

 

(6,627

)

 

 

(1,429

)

 

 

(8,056

)

Amortization expense

  

 

(1,000

)

 

 

(134

)

 

 

(1,134

)

Balance, September 30, 2015

  

 

(7,627

)

 

 

(1,563

)

 

 

(9,190

)

Net book value

  

$

14,933

 

 

$

900

 

 

$

15,833

  

Cost

  

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2014

  

$

17,560

  

 

$

1,663

  

 

$

19,223

  

Balance, December 31, 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

  

 

(1,217

)

 

 

(205

)

 

 

(1,422

)

Balance, December 31, 2014

 

 

(6,627

)

 

 

(1,429

)

 

 

(8,056

)

Net Book Value

  

$

10,933

 

 

$

234

 

 

$

11,167

 

 

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:

 

2015 (remainder of)

  

$

488

  

2016

  

 

1,896

  

2017

  

 

1,796

  

2018

  

 

1,662

  

2019

  

 

1,380

 

Thereafter

  

 

8,611

 

Total

  

$

15,833