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INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2013
INTANGIBLE ASSETS  
Schedule of the cost basis, accumulated amortization and net book value of intangible assets

 

September 30, 2013

 

December 31, 2012

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Net

 

Average

 

 

 

 

 

Net

 

Average

 

 

 

Cost

 

Accumulated

 

Book

 

Amortization

 

Cost

 

Accumulated

 

Book

 

Amortization

 

 

 

Basis

 

Amortization

 

Value

 

Period

 

Basis

 

Amortization

 

Value

 

Period

 

Intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

3,979

 

$

(3,584

)

$

395

 

7.2

 

$

3,979

 

$

(2,444

)

$

1,535

 

7.2

 

Trade names

 

7,999

 

(2,380

)

5,619

 

20.0

 

7,999

 

(2,080

)

5,919

 

20.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets

 

$

11,978

 

$

(5,964

)

$

6,014

 

15.8

 

$

11,978

 

$

(4,524

)

$

7,454

 

15.8

 

Schedule of estimated future amortization expense

As of September 30, 2013, estimated future amortization expense is as follows:

 

2013

 

$

111

 

2014

 

444

 

2015

 

444

 

2016

 

444

 

2017

 

444

 

2018 and thereafter

 

4,127

 

Total

 

$

6,014