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Goodwill and Intangibles (Tables)
3 Months Ended
Mar. 31, 2014
Summary of Activity Related to Goodwill

The following table summarizes the activity related to ICG’s goodwill (in thousands):

 

 

Gross Carrying
Amount

 

  

Accumulated
Impairment
Losses

 

 

Net Carrying
Amount

 

Goodwill as of December 31, 2013

90,770

  

  

 

(304

 

90,466

  

Change in goodwill during the three months ended March 31, 2014

 

  

  

 

  

 

 

  

Goodwill as of March 31, 2014

$

90,770

  

  

 

(304

 

$

90,466

  

 

Summary of Intangible Assets from Continuing Operations

The following table summarizes ICG’s intangible assets from continuing operations (in thousands):

 

 

  

Useful Life

  

As of March 31, 2014

 

Intangible Assets

  

  

Gross
Carrying
Amount

 

  

Accumulated
Amortization

 

  

Net
Carrying
Amount

 

Customer relationships

  

1-11 years

  

$

45,599

  

  

$

(10,696

)  

  

$

34,903

  

Trademarks/trade names

  

3-11 years

  

 

15,813

  

  

 

(2,777

)  

  

 

13,0369

  

Technology

  

5-10 years

  

 

9,527

  

  

 

(2,610

)  

  

 

6,917

  

Non-compete agreements

  

2-5 years

  

 

3,666

  

  

 

(2,470

)  

  

 

1,196

  

Other intellectual property (1)

  

2 years

  

 

400

  

  

 

  

  

 

400

  

 

  

  

  

$

75,005

  

  

$

(18,553

)  

  

$

56,452

  

(1) ICG currently estimates the residual value of this asset to be $0.4 million. 

 

 

  

Useful Life

  

As of December 31, 2013

 

Intangible Assets

  

  

Gross
Carrying
Amount

 

  

Accumulated
Amortization

 

  

Net
Carrying
Amount

 

Customer relationships

  

1-11 years

  

$

45,601

  

  

$

(9,546

)  

  

$

36,055

  

Trademarks/trade names

  

3-11 years

  

 

15,813

  

  

 

(2,373

)  

  

 

13,440

  

Technology

  

5-10 years

  

 

9,527

  

  

 

(2,161

)  

  

 

7,366

  

Non-compete agreements

  

2-5 years

  

 

3,666

  

  

 

(2,172

)  

  

 

1,494

  

 

  

 

  

 

74,607

  

  

 

(16,252

)  

  

 

58,355

  

Other intellectual property

  

Indefinite

  

 

400

  

  

 

  

  

 

400

  

 

  

  

  

$

75,007

  

  

$

(16,252

)  

  

$

58,755

  

 

Remaining Estimated Amortization Expense

Remaining estimated amortization expense for the respective years set forth below is as follows (in thousands):

 

2014 (remaining nine months)

$

6,864

  

2015

 

8,254

 

2016

 

7,844

 

2017

 

7,426

 

2018

 

6,172

 

Thereafter

 

19,492

 

Remaining amortization expense

$

56,052