Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2014

Intangible Assets Subject to Amortization

At June 30, 2014, the Company had the following intangible assets subject to amortization:


(in thousands)		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
Customer contracts		$	1,877			$	(1,641	)		$	236
Customer relationships			22,760				(1,880	)			20,880
Favorable lease			334				(25	)			309
Non-Compete agreement			740				(68	)			672
Patents			268				(142	)			126
Product certification			61				(53	)			8
Technology			1,953				(98	)			1,855
Backlog			2,370				(697	)			1,673
Trademarks / Trade Names			10,931				(891	)			10,040

		$	41,294			$	(5,495	)		$	35,799

Estimated Annual Amortization Expense

As of June 30, 2014, amortization expense on intangible assets for the next five years is estimated as follows:


(in thousands)		2014				2015				2016				2017				2018
Customer contracts		$	28			$	56			$	56			$	56			$	42
Customer relationships			860				1,694				1,694				1,694				1,627
Favorable lease			37				74				48				22				22
Non-Compete agreement			76				152				152				141				80
Patents			12				23				23				23				23
Product certification			4				4				—				—				—
Technology			98				121				121				121				121
Backlog			1,394				279				—				—				—
Trademarks / Trade Names			364				690				690				690				690

Total		$	2,873			$	3,093			$	2,784			$	2,747			$	2,605