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Goodwill and Finite Life Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2013
Goodwill and Finite Life Intangible Assets  
Summary of identified intangible assets

 

 

 

 

As of June 30, 2013

 

As of December 31, 2012

 

 

 

(in thousands)

 

 

 

Amortizable
Period
(years)

 

Gross
Assets

 

Accumulated
Amortization

 

Net
Assets

 

Gross
Assets

 

Accumulated
Amortization

 

Net
Assets

 

Customer relationships

 

5-8

 

$

29,133

 

$

(12,399

)

$

16,734

 

$

29,133

 

$

(8,665

)

$

20,468

 

Services agreement

 

4

 

67

 

(63

)

4

 

67

 

(54

)

13

 

Certification

 

2

 

467

 

(467

)

 

467

 

(467

)

 

Covenant not to compete

 

3

 

478

 

(279

)

199

 

478

 

(199

)

279

 

Trademarks

 

3

 

263

 

(263

)

 

263

 

(263

)

 

Order backlog

 

3 months –
1 year

 

2,162

 

(2,162

)

 

2,162

 

(2,162

)

 

Total identified intangible assets

 

 

 

$

32,570

 

$

(15,633

)

$

16,937

 

$

32,570

 

$

(11,810

)

$

20,760

 

Summary of amortization expense for identified intangible assets

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

 

 

 

(in thousands)

 

Statement of Operations

 

 

 

2013

 

2012

 

2013

 

2012

 

Classification

 

Customer relationships

 

$

1,797

 

$

553

 

$

3,735

 

$

1,106

 

Operating expenses

 

Services agreement

 

4

 

4

 

8

 

8

 

Operating expenses

 

Covenant not to compete

 

40

 

40

 

80

 

80

 

Operating expenses

 

Trademarks

 

 

22

 

 

44

 

Operating expenses

 

Total identified intangible assets

 

$

1,841

 

$

619

 

$

3,823

 

$

1,238

 

 

 

Schedule of future amortization expense for the next five years

 

 

(in thousands)

 

Remainder of 2013

 

$

3,428

 

2014

 

5,293

 

2015

 

3,963

 

2016

 

2,937

 

2017

 

1,316

 

 

$

16,937