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

 

4.INTANGIBLE ASSETS

 

Intangible assets on the Company’s consolidated balance sheets consist of the following (in thousands):

 

 

 

 

 

December 31, 2015

 

December 31, 2014

 

 

 

Life

 

Gross
Amount

 

Accumulated
amortization

 

Net Book
Value

 

Gross
Amount

 

Accumulated
amortization

 

Net Book
Value

 

Customer lists

 

10 - 15 years

 

$
34,149

 

$
(7,785

)

$
26,364

 

$
34,379

 

$
(5,801

)

$
28,578

 

Trade name

 

10 years

 
4,775

 
(1,793

)
2,982

 
4,775

 
(1,409

)
3,366

 

Design and technologies

 

8 - 10 years

 
2,189

 
(1,570

)
619

 
2,425

 
(1,598

)
827

 

Patents

 

 

 
24

 
(5

)
19

 
24

 
(4

)
20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

$
41,137

 

$
(11,153

)

$
29,984

 

$
41,603

 

$
(8,812

)

$
32,791

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total amortization expense for intangible assets for the years 2015, 2014 and 2013 was $2,644, $2,714 and $825, respectively.

 

Estimated amortization expense for intangible assets is as follows:

 

Year ending December 31,

 

Total

 

2016

 

$
2,641 

 

2017

 
2,641 

 

2018

 
2,641 

 

2019

 
2,641 

 

2020

 
2,641 

 

Thereafter

 
16,779 

 

 

 

 

 

 

 

$
29,984