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Intangible Assets
3 Months Ended
Mar. 31, 2013
Intangible Assets  
Intangible Assets

Note 9—Intangible Assets

 

At March 31, 2013 and December 31, 2012, intangible assets totaled $52,184 and $51,978, respectively, net of amortization.  The March 31, 2013 balance includes the effect of the FSSI acquisition (See Note 8).  The table below summarizes the intangible asset categories, amounts and the average amortization periods, which are generally on a straight-line basis, as follows:

 

 

 

Amortization

 

March 31,

 

December 31,

 

 

 

Period

 

2013

 

2012

 

Tradename

 

3 to 10 years

 

$

22,828

 

$

23,586

 

Non-compete agreements

 

2 to 5 years

 

$

4,023

 

$

4,130

 

Customer relationships

 

5 to 15 years

 

$

24,133

 

$

24,212

 

Backlog

 

0.75 years

 

$

 

$

50

 

Total

 

 

 

$

50,984

 

$

51,978

 

 

Amortization expense of intangible assets was $1,794 and $1,746 for the three months ended March 31, 2013 and 2012, respectively.  Estimated amortization expense for intangible assets is as follows:

 

For the Years Ending
December 31,

 

Estimated
Intangible
Amortization
Expense

 

2013 (remaining nine months)

 

$

4,632

 

2014

 

7,316

 

2015

 

7,046

 

2016

 

6,126

 

2017

 

5,769

 

Thereafter

 

20,095

 

 

 

$

50,984