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Identifiable intangible assets | 9 Months Ended
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Sep. 30, 2014
Identifiable intangible assets [Abstract] |
Identifiable intangible assets | Note 5 — Identifiable intangible assets The Company’s identifiable intangible assets represent intangible assets acquired from the Brink acquisition as well as internally developed software costs. The Company capitalizes certain costs related to the development of computer software sold by its Hospitality segment. Software development costs incurred prior to establishing technological feasibility are charged to operations and included in research and development costs in the period the costs are incurred. Software development costs incurred after establishing technological feasibility (as defined within ASC 985-20) are capitalized and amortized on a product-by-product basis when the product is available for general release to customers. Software costs capitalized during the three months and nine months ended September 30, 2014 were $732,000 and $2,257,000, respectively. Software costs capitalized during the three and nine months ended September 30, 2013 were $1,590,000 and $3,216,000, respectively. Annual amortization, charged to cost of sales when the product is available for general release to customers, is computed using the greater of (a) the straight-line method over the remaining estimated economic life of the product, generally three to seven years or (b) the ratio that current gross revenues for a product bear to the total of current and anticipated future gross revenues for that product. Amortization of capitalized software costs for the three and nine months ended September 30, 2014 were $477,000 and $1,411,000, respectively. Amortization for the three and nine months ended September 30, 2013 were $402,000 and $894,000, respectively. The amortization related to the intangible assets acquired from the Brink acquisition represented $31,000 during the three and nine months ended September 30, 2014. There was no amortization of prior acquisitions recorded for the three and nine months ended September 30, 2013. The components of identifiable intangible assets are:
|  | (in thousands) |
|  | September 30, 2014 |  |  | December 31, 2013 |
Acquired and internally developed software costs |  | $ | 26,094 |  |  | $ | 16,640 |
Trademarks (non-amortizable) |  |  | 1,800 |  |  |  | 1,800 |
|  |  | 27,894 |  |  |  | 18,440 |
Less accumulated amortization |  |  | (4,810 | ) |  |  | (3,369 | )
|  | $ | 23,084 |  |  | $ | 15,071 |
The expected future amortization of these intangible assets assuming straight-line amortization of capitalized software costs and acquisition related intangibles is as follows, noting the amounts below are subject to change based on finalization of fair value assessment estimates (in thousands):
2014 |  | $ | 782 |
2015 |  |  | 3,445 |
2016 |  |  | 3,414 |
2017 |  |  | 3,313 |
2018 |  |  | 3,211 |
Thereafter |  |  | 7,119 |
Total |  | $ | 21,284 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 + Details
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