INTANGIBLES ASSETS

3 Months Ended

Mar. 31, 2016

Intangible Assets, Net (Excluding Goodwill) [Abstract]

INTANGIBLES ASSETS

NOTE 6 – INTANGIBLES ASSETS

As of March 31, 2016 and December 31, 2015, the Company had intangible assets with carrying values of $32.5 million and $6.7 million, respectively. Identified intangible assets not subject to amortization consisted of tradename and domain names with combined carrying value of $3.4 million and $1.2 million as of March 31, 2016 and December 31, 2015, respectively. Identified intangible assets with finite lives subject to amortization consist of the following (in thousands):

	Estimated Useful Lives		March 31, 2016									December 31, 2015
			Gross Carrying		Accumulated					Weighted-		Gross Carrying		Accumulated					Weighted-
	(in years)		Amount		Amortization			Net		Average Life		Amount		Amortization			Net		Average Life
Technology		3 - 17	$	3,110	$	(2,721	)	$	389		4.73	$	4,930	$	(4,497	)	$	433		4.83
Intellectual property rights		3 - 17		14,161		(9,916	)		4,245		5.24		14,161		(9,623	)		4,538		5.36
Covenants not-to
-compete and     not-to-sue		2 - 5		2,185		(2,017	)		168		2.37		2,085		(1,911	)		174		0.42
Tradename		3 - 6		321		(321	)		-		-		321		(321	)		-		-
Customer relationships		5 - 16		22,600		(550	)		22,050		15.92		500		(500	)		-		-
Backlog		1		800		(800	)		-		-		800		(800	)		-		-
Software License		10		885		(6	)		879		10.00		-		-			-		-
Process know how		5		1,100		(18	)		1,082		4.92		-		-			-		-
Other				470		(166	)		304		2.75		470		(138	)		332		3.00
Total			$	45,632	$	(16,515	)	$	29,117			$	23,267	$	(17,790	)	$	5,477

Amortization expense for the three months ended March 31, 2016 and 2015 was $0.5 million and $0.8 million, respectively. Based on the carrying value of identified intangible assets recorded at March 31, 2016, and assuming no subsequent impairment of the underlying assets, the amortization expense for the future fiscal years is expected to be as follows (in thousands):

Fiscal Year	Amortization Expense
Nine months ending December 31, 2016	$	2,466
2017		3,134
2018		2,678
2019		2,271
2020		2,055
Thereafter		16,513
	$	29,117