At September 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 |
|
|
$ |
(1,655 |
) |
|
$ |
222 |
|
Customer relationships
|
|
|
22,760 |
|
|
|
(2,349 |
) |
|
|
20,412 |
|
Favorable lease
|
|
|
334 |
|
|
|
(45 |
) |
|
|
289 |
|
Non-Compete agreement
|
|
|
740 |
|
|
|
(110 |
) |
|
|
630 |
|
Patents
|
|
|
268 |
|
|
|
(147 |
) |
|
|
121 |
|
Product certification
|
|
|
61 |
|
|
|
(55 |
) |
|
|
6 |
|
Technology
|
|
|
1,953 |
|
|
|
(146 |
) |
|
|
1,806 |
|
Backlog
|
|
|
2,370 |
|
|
|
(1,534 |
) |
|
|
836 |
|
Trademarks / Trade Names
|
|
|
10,931 |
|
|
|
(1,085 |
) |
|
|
9,846 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
41,294 |
|
|
$ |
(7,126 |
) |
|
$ |
34,168 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of September 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
|
|
$ |
14 |
|
|
$ |
56 |
|
|
$ |
56 |
|
|
$ |
56 |
|
|
$ |
42 |
|
Customer relationships
|
|
|
385 |
|
|
|
1,622 |
|
|
|
1,622 |
|
|
|
1,622 |
|
|
|
1,622 |
|
Favorable lease
|
|
|
17 |
|
|
|
74 |
|
|
|
48 |
|
|
|
22 |
|
|
|
22 |
|
Non-Compete agreement
|
|
|
34 |
|
|
|
152 |
|
|
|
152 |
|
|
|
141 |
|
|
|
80 |
|
Patents
|
|
|
6 |
|
|
|
23 |
|
|
|
23 |
|
|
|
23 |
|
|
|
23 |
|
Product certification
|
|
|
2 |
|
|
|
4 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Technology
|
|
|
103 |
|
|
|
190 |
|
|
|
190 |
|
|
|
190 |
|
|
|
122 |
|
Backlog
|
|
|
558 |
|
|
|
278 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Trademarks / Trade Names
|
|
|
187 |
|
|
|
689 |
|
|
|
689 |
|
|
|
689 |
|
|
|
689 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,306 |
|
|
$ |
3,088 |
|
|
$ |
2,780 |
|
|
$ |
2,743 |
|
|
$ |
2,600 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|