| 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
|
|
|