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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill
The following table summarizes the net carrying amount of goodwill by segment at December 31, 2015 and 2014, respectively:
 
 
 
 
 
Engineering
 
 
 
 
 
Aerostructures
 
Services
 
Total
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
Balance at December 31,
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Goodwill
$
141,953

 
$
141,953

 
$
50,741

 
$
50,741

 
$
192,694

 
$
192,694

Accumulated impairment loss
(79,471
)
 
(79,471
)
 
(26,439
)
 
(26,439
)
 
(105,910
)
 
(105,910
)
Net Goodwill
$
62,482

 
$
62,482

 
$
24,302

 
$
24,302

 
$
86,784

 
$
86,784

Finite and infinite lived intangible assets
Intangible assets primarily consist of trademarks and customer intangibles resulting from the acquisitions of Versaform Corporation, D3, Intec, TASS, and Valent.  The trademarks resulted from the acquisitions of Intec, TASS, and Valent and have a weighted average useful life of 4.5 years.  Customer intangibles have a weighted average useful life of 18.5 years.   Other intangible assets have a weighted average useful life of 5.3 years.  The carrying values were as follows:
 
December 31,
 
2015
 
2014
Trademarks
$
778

 
$
778

Customer intangible assets
68,991

 
68,991

Other
1,274

 
1,274

Accumulated amortization
(24,461
)
 
(20,103
)
Intangible assets, net
$
46,582

 
$
50,940

Estimated annual amortization expense

The estimated annual amortization expense for intangible assets is as follows:
 
Year ending December 31,
 
2016
$
4,134

2017
3,915

2018
3,563

2019
3,263

2020
3,079

Thereafter
28,628

 
$
46,582