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INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2014
INTANGIBLE ASSETS  
Schedule of the cost basis, accumulated amortization and net book value of intangible assets

 

 

 

March 31, 2014

 

December 31, 2013

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Net

 

Average

 

 

 

 

 

Net

 

Average

 

 

 

Cost

 

Accumulated

 

Book

 

Amortization

 

Cost

 

Accumulated

 

Book

 

Amortization

 

 

 

Basis

 

Amortization

 

Value

 

Period

 

Basis

 

Amortization

 

Value

 

Period

 

Intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

3,979

 

$

(3,606

)

$

373

 

7.2

 

$

3,979

 

$

(3,595

)

$

384

 

7.2

 

Trade names

 

7,999

 

(2,580

)

5,419

 

20.0

 

7,999

 

(2,480

)

5,519

 

20.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets

 

$

11,978

 

$

(6,186

)

$

5,792

 

15.8

 

$

11,978

 

$

(6,075

)

$

5,903

 

15.8

 

Schedule of estimated future amortization expense

As of March 31, 2014, estimated future amortization expense is as follows:

 

2014

 

$

333

 

2015

 

444

 

2016

 

444

 

2017

 

444

 

2018

 

444

 

2019 and thereafter

 

3,683

 

Total

 

$

5,792