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Intangible Assets
 6 Months Ended
Jun. 30, 2015
Intangible Assets  
Intangible Assets

 

Note 8—Intangible Assets

 

At June 30, 2015 and December 31, 2014, intangible assets totaled $39,860 and $39,581, 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

 

2015

 

2014

 

Tradename

 

3 to 10 years

 

$
16,582 

 

$
18,194 

 

Non-compete agreements

 

2 to 5 years

 

$
1,853 

 

$
1,074 

 

Customer relationships

 

5 to 15 years

 

$
21,425 

 

$
20,313 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

$
39,860 

 

$
39,581 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization expense of intangible assets was $1,719 and $1,843 for the three months ended June 30, 2015 and 2014, respectively, and amortization expense for the six months ended June 30, 2015 and 2014 was $3,370 and $3,687, respectively.  Estimated future amortization expense for intangible assets is as follows:

 

For the Years Ending
December 31,

 

Estimated
Intangible
Amortization
Expense

 

2015 (remaining six months)

 

$
3,405 

 

2016

 
6,460 

 

2017

 
6,201 

 

2018

 
5,719 

 

2019

 
5,509 

 

Thereafter

 
12,566 

 

 

 

 

 

 

 

$
39,860