XML 49 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
INTANGIBLES AND OTHER ASSETS
6 Months Ended
Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangibles And Other Assets
INTANGIBLES AND OTHER ASSETS
Long-lived intangible assets and other assets consisted of the following:
 
 
Dollars in Thousands
 
June 30, 2014
 
December 31, 2013
 
Cost
 
Accumulated
Amortization
 
Net Book
Value
 
Cost
 
Accumulated
Amortization
 
Net Book
Value
Intangibles—technology
$
9,009

 
$
3,586

 
$
5,423

 
$
9,009

 
$
3,175

 
$
5,834

Intangibles—assay royalties
1,434

 
717

 
717

 
1,434

 
614

 
820

Intangibles—third party payor relationships
367

 
86

 
281

 
367

 
73

 
294

Intangibles—tradenames and trademarks
824

 
292

 
532

 
824

 
233

 
591

Intangibles—customer relationships
652

 
76

 
576

 
652

 
54

 
598

Intangibles—covenants not to compete
184

 
107

 
77

 
184

 
77

 
107

Patents
1,216

 
372

 
844

 
1,153

 
336

 
817

Intellectual property
266

 
51

 
215

 
170

 
36

 
134

 
$
13,952

 
$
5,287

 
$
8,665

 
$
13,793

 
$
4,598

 
$
9,195


 
 
 
 
Estimated Useful Life
Technology
7-10 years
Assay royalties
7 years
Third party payor relationships
15 years
Tradenames and trademarks
7 years
Customer relationships
15 years
Covenants not to compete
3 years
Patents
Life of the patent
Intellectual property
7 years

Other assets include U.S. security deposits and deferred tax assets, net of applicable valuation allowances.
Amortization expense for intangible assets was $0.3 million and $0.5 million during the three months ended June 30, 2014 and 2013, respectively. Amortization expense for intangible assets was $0.7 million and $0.9 million during the six months ended June 30, 2014 and 2013, respectively. Amortization expense for intangible assets is expected to be $1.4 million, $1.4 million, $1.3 million, $1.3 million and $1.0 million for the years ending December 31, 2014, 2015, 2016, 2017 and 2018, respectively.

Based on the length of time our technology is expected to be used and an evaluation of the lives of similar technology in the industry, effective January 1, 2014, we increased the estimated useful lives of certain technologies acquired in 2010 and 2012 from 7 years to 10 years, which decreased loss from operations by $0.1 million and net loss by $0.1 million, or $0.01 per basic and diluted share, for the three months ended June 30, 2014.