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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2013
Summary of Intangible Assets

Our intangible assets as of December 31 were comprised of the following (in thousands):

 

     December 31, 2013  
     Weighted-
Average
Amortization
Period
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
 

Definite-lived intangible assets:

          

Trademarks/Tradenames

     23 years       $ 9,680       $ (3,090   $ 6,590   

Customer relationships

     15 years         14,828         (1,069     13,759   
     

 

 

    

 

 

   

 

 

 
      $ 24,508       $ (4,159   $ 20,349   
     

 

 

    

 

 

   

 

 

 

 

     December 31, 2012  
     Weighted-
Average
Amortization
Period
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
 

Definite-lived intangible assets:

          

Trademarks/Tradenames

     23 years       $ 9,911       $ (2,556   $ 7,355   

Customer relationships

     15 years         15,737         (91     15,646   
     

 

 

    

 

 

   

 

 

 
      $ 25,648       $ (2,647   $ 23,001   
     

 

 

    

 

 

   

 

 

 
Schedule of Estimated Intangible Asset Amortization Expense

The estimated intangible asset amortization expense for the five succeeding fiscal years ending after December 31, 2013, is as follows (in thousands):

 

2014

   $ 1,505   

2015

   $ 1,350   

2016

   $ 1,350   

2017

   $ 1,350   

2018

   $ 1,350   
Changes in Carrying Amounts of Goodwill

The changes in the carrying amounts of goodwill for the years ended December 31 are as follows (in thousands):

 

     2013     2012  

Balance — Beginning of the year

   $ 8,986      $   

Additional acquisitions recorded

            9,093   

Currency translation adjustment

     (766     (107
  

 

 

   

 

 

 

Balance — End of the year

   $ 8,220      $ 8,986