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Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2013
Summary of Intangible Assets

The following is a summary of our intangible assets at September 30, 2013 and December 31, 2012 (in thousands):

 

 

Weighted
Average

Amortization

Period

(years)

 

  

Gross
Carrying
Amount

 

  

Accumu-
lated

Amortiz-
ation

 

 

Net
Carrying
Amount

 

September 30, 2013:

 

 

 

  

 

 

 

  

 

 

 

 

 

 

 

Client relationships             

 

  14.2

  

  

$

  5,005

  

  

$

(1,126

) 

 

$

  3,879

  

Non-compete agreements             

 

  2.3

  

  

 

  26

  

  

 

(26

) 

 

 

  

Total             

 

 

 

  

$

  5,031

  

  

$

(1,152

) 

 

$

  3,879

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012:

 

 

 

  

 

 

 

  

 

 

 

 

 

 

 

Client relationships             

 

  14.2

  

  

$

  5,005

  

  

$

(857

) 

 

$

  4,148

  

Non-compete agreements             

 

  2.3

  

  

 

  26

  

  

 

(25

) 

 

 

  1

  

Total             

 

 

 

  

$

  5,031

  

  

$

(882

) 

 

$

  4,149

  

 

Estimated Amortization Expense for Intangible Assets for the Next Five Years

Estimated amortization expense for intangible assets for the next five years follows (in thousands):

 

For the Year ending December 31,

Estimated

Amortization

Expense

 

2013             

$

  359

  

2014             

 

  359

  

2015             

 

  359

  

2016             

 

  359

  

2017             

 

  359