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INTANGIBLE ASSETS, NET
12 Months Ended
Dec. 31, 2015
INTANGIBLE ASSETS, NET  
INTANGIBLE ASSETS, NET

 

9. INTANGIBLE ASSETS, NET

        The following summarizes the Company's intangible assets:

                                                                                                                                                                                    

As of December 31, 2015

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

Net

 

 

 

$

 

$

 

$

 

Power purchase agreements

 

 

71,770

 

 

(37

)

 

71,733

 

Technical know-how

 

 

1,528

 

 

(1,164

)

 

364

 

Computer software

 

 

14,226

 

 

(7,385

)

 

6,841

 

​  

​  

​  

​  

​  

​  

Total intangible assets, net

 

 

87,524

 

 

(8,586

)

 

78,938

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

As of December 31, 2014

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

Net

 

 

 

$

 

$

 

$

 

Technical know-how

 

 

1,622

 

 

(1,130

)

 

492

 

Computer software

 

 

10,715

 

 

(4,601

)

 

6,114

 

​  

​  

​  

​  

​  

​  

Total intangible assets, net

 

 

12,337

 

 

(5,731

)

 

6,606

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

        The power purchase agreements were acquired as part of the acquisition of SSM, which were preliminarily valued at $72.0 million at the acquisition day, and will be amortized on a straight-line basis over their remaining contractual term of 16 years.

        Amortization expense for the years ended December 31, 2013, 2014 and 2015 were $1,095, $1,559 and $2,235, respectively.

        Amortization expenses of the above intangible assets is expected to be approximately $6.5 million, $6.1 million, $5.8 million, $5.5 million and $55.0 million for the years ended December 31, 2016, 2017, 2018, 2019, 2020 and thereafter, respectively.