At June 30, 2014, the Company had the following intangible
assets subject to amortization:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands)
|
|
Gross Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net Carrying
Amount |
|
|
Customer contracts
|
|
$ |
1,877 |
|
|
$ |
(1,641 |
) |
|
$ |
236 |
|
|
Customer relationships
|
|
|
22,760 |
|
|
|
(1,880 |
) |
|
|
20,880 |
|
|
Favorable lease
|
|
|
334 |
|
|
|
(25 |
) |
|
|
309 |
|
|
Non-Compete agreement
|
|
|
740 |
|
|
|
(68 |
) |
|
|
672 |
|
|
Patents
|
|
|
268 |
|
|
|
(142 |
) |
|
|
126 |
|
|
Product certification
|
|
|
61 |
|
|
|
(53 |
) |
|
|
8 |
|
|
Technology
|
|
|
1,953 |
|
|
|
(98 |
) |
|
|
1,855 |
|
|
Backlog
|
|
|
2,370 |
|
|
|
(697 |
) |
|
|
1,673 |
|
|
Trademarks / Trade Names
|
|
|
10,931 |
|
|
|
(891 |
) |
|
|
10,040 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
41,294 |
|
|
$ |
(5,495 |
) |
|
$ |
35,799 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2014, amortization expense on intangible assets
for the next five years is estimated as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands)
|
|
2014 |
|
|
2015 |
|
|
2016 |
|
|
2017 |
|
|
2018 |
|
|
Customer contracts
|
|
$ |
28 |
|
|
$ |
56 |
|
|
$ |
56 |
|
|
$ |
56 |
|
|
$ |
42 |
|
|
Customer relationships
|
|
|
860 |
|
|
|
1,694 |
|
|
|
1,694 |
|
|
|
1,694 |
|
|
|
1,627 |
|
|
Favorable lease
|
|
|
37 |
|
|
|
74 |
|
|
|
48 |
|
|
|
22 |
|
|
|
22 |
|
|
Non-Compete agreement
|
|
|
76 |
|
|
|
152 |
|
|
|
152 |
|
|
|
141 |
|
|
|
80 |
|
|
Patents
|
|
|
12 |
|
|
|
23 |
|
|
|
23 |
|
|
|
23 |
|
|
|
23 |
|
|
Product certification
|
|
|
4 |
|
|
|
4 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Technology
|
|
|
98 |
|
|
|
121 |
|
|
|
121 |
|
|
|
121 |
|
|
|
121 |
|
|
Backlog
|
|
|
1,394 |
|
|
|
279 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Trademarks / Trade Names
|
|
|
364 |
|
|
|
690 |
|
|
|
690 |
|
|
|
690 |
|
|
|
690 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
2,873 |
|
|
$ |
3,093 |
|
|
$ |
2,784 |
|
|
$ |
2,747 |
|
|
$ |
2,605 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|