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Intangible Assets
6 Months Ended
Jun. 30, 2014
Intangible Assets  
Intangible Assets

Note 9—Intangible Assets

 

At June 30, 2014 and December 31, 2013, intangible assets totaled $42,345 and $45,303, respectively, net of amortization.  The table below summarizes the intangible asset categories, amounts and the average amortization periods, which are generally on a straight-line basis, as follows:

 

 

 

Amortization

 

June 30,

 

December 31,

 

 

 

Period

 

2014

 

2013

 

Tradename

 

3 to 10 years

 

$

19,217

 

$

21,023

 

Non-compete agreements

 

2 to 5 years

 

$

1,662

 

$

2,575

 

Customer relationships

 

3 to 15 years

 

$

21,466

 

$

21,705

 

Total

 

 

 

$

42,345

 

$

45,303

 

 

Amortization expense of intangible assets was $1,843 and $1,891 for the three months ended June 30, 2014 and 2013, respectively, and amortization expense for the six months ended June 30, 2014 and 2013 was $3,687 and $3,685, respectively.  Estimated future amortization expense for intangible assets is as follows:

 

For the Years Ending
December 31,

 

Estimated
Intangible
Amortization
Expense

 

2014 (remaining six months)

 

$

4,177

 

2015

 

6,164

 

2016

 

5,694

 

2017

 

5,508

 

2018

 

5,307

 

Thereafter

 

15,495

 

 

 

$

42,345