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Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2016
Intangible assets

Intangible assets consisted of the following at September 30, 2016 (in thousands):

 

     Gross Carrying
Amount
     Accumulated
Amortization
     Weighted
Average
Useful Life
(in years)
 

Technology – developed

   $ 7,026       $ (1,342      13   

Patents

     240         (200      8   

Customer relationships

     16,946         (4,750      11   

Trademark

     700         —          —    

Other intangibles

     68         (17      2   
  

 

 

    

 

 

    

 

 

 

Total intangible assets

   $ 24,980       $ (6,309      12   
  

 

 

    

 

 

    

Intangible assets consisted of the following at December 31, 2015 (in thousands):

 

     Gross Carrying
Amount
     Accumulated
Amortization
     Weighted
Average
Useful Life
(in years)
 

Technology – developed

   $ 3,295       $ (782      12   

In process research and development

     1,600         —          —    

Patents

     240         (177      8   

Customer relationships

     11,805         (3,926      9   

Trademark

     700         —          —    
  

 

 

    

 

 

    

 

 

 

Total intangible assets

   $ 17,640       $ (4,885      10   
  

 

 

    

 

 

    
Schedule of Amortization Expense for Amortized Intangible Assets

As of September 30, 2016, the Company expects to record amortization expense as follows (in thousands):

 

Years Ending

   Amortization Expense  

December 31, 2016 (three months remaining)

   $ 553   

December 31, 2017

     2,211   

December 31, 2018

     2,022   

December 31, 2019

     1,999   

December 31, 2020

     1,666   

December 31, 2021

     1,358