Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2014

Summary of Activity Related to Goodwill

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

	Gross Carrying		Accumulated			Net Carrying
	Amount		Impairment			Amount
			Losses
Goodwill as of December 31, 2013	$	90,770	$	(304	)	$	90,466
Change in goodwill during the six months ended June 30, 2014		-		-			-
Goodwill as of June 30, 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):

		As of June 30, 2014
		Gross Carrying		Accumulated			Net Carrying
Intangible Assets	Useful Life	Amount		Amortization			Amount
Customer relationships	1-11 years	$	45,597	$	(11,845	)	$	33,752
Trademarks/trade names	3-11 years		15,813		(3,187	)		12,626
Technology	5-10 years		9,527		(3,028	)		6,499
Non-compete agreements	2-5 years		3,666		(2,768	)		898
Other intellectual property (1)	2 years	400			-			400
		$	75,003	$	(20,828	)	$	54,175

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

		As of December 31, 2013
		Gross Carrying		Accumulated			Net Carrying
Intangible Assets	Useful Life	Amount		Amortization			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 six months)	$	4,579
2015		8,254
2016		7,844
2017		7,426
2018		6,168
Thereafter		19,504
Remaining amortization expense	$	53,775