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Intangibles and Other Assets
3 Months Ended
Mar. 31, 2014
Text Block [Abstract]  
Intangibles and Other Assets

5. INTANGIBLES AND OTHER ASSETS

Intangible amounts have been impacted by the Company’s change in accounting method for the treatment of external patent and trademark costs. The Company no longer capitalizes external legal, filing, and continuation or annuity fees associated with patent and trademark applications. Under the current method of accounting, these types of external patent-related costs are expensed as incurred and classified as general and administrative expenses in the Company’s condensed consolidated statement of operations consistent with the treatment of internal legal expenses. See Note 1 to the condensed consolidated financial statements for additional information regarding this change in accounting method.

 

     March 31,     December 31,  
     2014     2013  
     (In thousands)  

Patents and trademarks

   $ 5,731      $ 5,731   

Other assets

     289        289   
  

 

 

   

 

 

 

Gross intangibles and other assets

     6,020        6,020   

Accumulated amortization of patents and trademarks

     (5,658     (5,639
  

 

 

   

 

 

 

Intangibles and other assets, net

   $ 362      $ 381   
  

 

 

   

 

 

 

The Company amortizes its intangible assets related to purchased patents, over their estimated useful lives, generally 10 years from the purchase date. Amortization of intangibles was as follows:

 

     Three Months Ended  
     March 31,  
     2014      2013  
     (In thousands)  

Amortization of intangibles

   $ 20       $ 20   
  

 

 

    

 

 

 

The table below includes estimated remaining annual amortization expense for purchsaed patents as of March 31, 2014.

 

     Estimated
Amortization
Expense
 
     (In thousands)  

Remainder of 2014

   $ 47   

2015

     20   

2016

     6   
  

 

 

 

Total

   $ 73