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INTANGIBLE ASSETS | 9 Months Ended
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Sep. 30, 2016
INTANGIBLE ASSETS |
INTANGIBLE ASSETS | 6.INTANGIBLE ASSETS Intangible assets on the Company’s condensed consolidated balance sheets consist of the following (in thousands):
|  |  |  | September 30, 2016 |  | December 31, 2015 |
|  | Life |  | Gross Amount |  | Accumulated amortization |  | Net Book Value |  | Gross Amount |  | Accumulated amortization |  | Net Book Value |
Customer lists |  | 8 - 15 years |  | $ | 38,241 |  | $ | (9,605 | ) | $ | 28,636 |  | $ | 34,149 |  | $ | (7,785 | ) | $ | 26,364 |
Trade name |  | 10 - 17 years |  | 6,121 |  | (2,163 | ) | 3,958 |  | 4,775 |  | (1,793 | ) | 2,982 |
Design and technologies |  | 8 - 15 years |  | 4,825 |  | (1,867 | ) | 2,958 |  | 2,189 |  | (1,570 | ) | 619 |
Patents |  |  |  | 24 |  | (7 | ) | 17 |  | 24 |  | (5 | ) | 19 |
Total |  |  |  | $ | 49,211 |  | $ | (13,642 | ) | $ | 35,569 |  | $ | 41,137 |  | $ | (11,153 | ) | $ | 29,984 |
Intangible assets acquired from the Heidrive acquisition were approximately $7,710 (Note 2). Amortization expense for intangible assets was $802 and $661 for the quarters ending September 30, 2016 and 2015, respectively; and $2,409 and $1,983 for the nine months ended September 30, 2016 and 2015, respectively. Estimated future intangible asset amortization expense as of September 30, 2016 is as follows (in thousands):
|  | Estimated Amortization Expense |
Remainder of 2016 |  | $ | 803 |
2017 |  | 3,212 |
2018 |  | 3,212 |
2019 |  | 3,212 |
2020 |  | 3,212 |
2021 |  | 2,963 |
Thereafter |  | 18,955 |
Total estimated amortization expense |  | $ | 35,569 |

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