Intangible Assets

3 Months Ended

Mar. 31, 2014

5.	Intangible Assets:

At March 31, 2014, the Company had the following intangible assets subject to amortization:


(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Technology		2,020		(121	)		1,899
Favorable lease		218		(8	)		210
Non-compete agreements		480		(30	)		450
Product certification and licensing costs		61		(49	)		12

	$	21,601	$	(4,188	)	$	17,413

As of March 31, 2014, amortization expense on intangible assets for the next five years is estimated as follows:


(in thousands)	2014		2015		2016		2017		2018
Patents	$	23	$	23	$	23	$	23	$	23
Trademarks		399		211		211		211		211
Customer relationships		792		943		943		943		903
Customer contracts		42		56		56		56		42
Technology		211		211		211		211		211
Favorable Lease		22		22		22		22		22
Non-compete agreement		80		80		80		80		80
Product certification and licensing costs		11		1		—		—		—

Total	$	1,580	$	1,547	$	1,546	$	1,546	$	1,492