Intangibles, Net

9 Months Ended

Sep. 30, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

Intangibles, Net

7. Intangibles, Net

Intangibles, net with finite lives were comprised of the following as of September 30, 2013 and December 31, 2012:

		September 30, 2013						December 31, 2012
	Estimated Useful Life	Carrying Amount		Accumulated Amortization		Net		Carrying Amount		Accumulated Amortization		Net
Customer contracts	1 - 4 years	$	5,276,000	$	2,593,000	$	2,683,000	$	5,276,000	$	1,322,000	$	3,954,000
Customer relationships	7 - 10 years		13,792,000		4,458,000		9,334,000		13,792,000		3,398,000		10,394,000
Non-compete agreements	5 years		2,585,000		833,000		1,752,000		2,585,000		445,000		2,140,000
Trade names	4 years		1,090,000		426,000		664,000		1,090,000		221,000		869,000
Total		$	22,743,000	$	8,310,000	$	14,433,000	$	22,743,000	$	5,386,000	$	17,357,000

The Company also recorded acquisition related intangible assets with indefinite lives in the amount of approximately $1.7 million pertaining to customer relationships, which is not reflected in the above table.

Amortization expense was approximately $2.9 million and $2.1 million for the nine months ended September 30, 2013 and 2012, respectively. In addition, approximately $2.4 million of fully amortized intangible assets were removed from the 2013 and 2012 presentations. The approximate future amortization expense of intangible assets is as follows as of September 30, 2013:

	Amount
Remainder of 2013	$	975,000
2014		3,369,000
2015		2,801,000
2016		2,416,000
2017		1,272,000
2018 and thereafter		3,600,000
Total future amortization expense	$	14,433,000