Intangible Assets, Net

6 Months Ended

Jun. 30, 2014

7.	Intangible Assets, Net

Intangibles, net with finite lives are summarized as follows as of June 30, 2014 and December 31, 2013:

		June 30, 2014						December 31, 2013
	Estimated Useful Life	Carrying Amount		Accumulated Amortization		Net		Carrying Amount		Accumulated Amortization		Net
Customer contracts	1 - 4 years	$	5,276,000	$	3,687,000	$	1,589,000	$	5,276,000	$	3,017,000	$	2,259,000
Customer relationships	7 - 10 years		13,792,000		5,519,000		8,273,000		13,792,000		4,812,000		8,980,000
Non-compete agreements	5 years		2,585,000		1,220,000		1,365,000		2,585,000		962,000		1,623,000
Trade names	4 years		1,090,000		630,000		460,000		1,090,000		494,000		596,000
Total		$	22,743,000	$	11,056,000	$	11,687,000	$	22,743,000	$	9,285,000	$	13,458,000

The Company also recorded acquisition related intangible assets with indefinite lives in the amount of $1,736,000 pertaining to customer relationships, which is not reflected in the above tables.

Amortization expense was approximately $1.8 million and $2.0 million for the six months ended June 30, 2014 and 2013, respectively. The approximate future amortization expense of intangible assets is as follows:

Remainder of 2014	$	1,599,000
2015		2,801,000
2016		2,416,000
2017		1,273,000
2018		915,000
2019 and thereafter		2,683,000
	$	11,687,000