Silvercrest Asset Management Group LLC Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)

9 Months Ended

Sep. 30, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Intangible Assets

The following is a summary of intangible assets as of September 30, 2017 and December 31, 2016:

		Customer Relationships				Other Intangible Assets				Total
Cost
Balance, January 1, 2017		$	22,560			$	2,467			$	25,027
Balance, September 30, 2017			22,560				2,467				25,027
Useful lives			10-20 years				3-5 years
Accumulated amortization
Balance, January 1, 2017			(9,721	)			(1,902	)			(11,623	)
Amortization expense			(1,234	)			(135	)			(1,369	)
Balance, September 30, 2017			(10,955	)			(2,037	)			(12,992	)
Net book value		$	11,605			$	430			$	12,035
Cost
Balance, January 1, 2016		$	22,560			$	2,467			$	25,027
Balance, December 31, 2016			22,560				2,467				25,027
Useful lives			10-20 years				3-5 years
Accumulated amortization
Balance, January 1, 2016			(8,062	)			(1,634	)			(9,696	)
Amortization expense			(1,659	)			(268	)			(1,927	)
Balance, December 31, 2016			(9,721	)			(1,902	)			(11,623	)
Net Book Value		$	12,839			$	565			$	13,404

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:

2017 (remainder of)		$	457
2018			1,685
2019			1,390
2020			1,299
2021			1,196
Thereafter			6,008
Total		$	12,035