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Intangible Assets
3 Months Ended
Mar. 31, 2014
Intangible Assets [Abstract]  
Intangible Assets

(5)Intangible Assets

 

The Company amortizes intangible assets on a straight line basis over their estimated useful lives as follows:

 

 

 

Trademarks

                 1-10 years

Contracts – owned equipment

  5-7 years

 

Total amortization expense was $0.1 million and $0.2 million for the three months ended March 31, 2014 and 2013, respectively.

Intangible assets as of March 31, 2014 and December 31, 2013 were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Carrying Amount

 

Accumulated Amortization

 

Net Carrying Amount

March 31, 2014

 

 

 

 

 

 

 

 

Trademarks

$

1,278 

 

$

(995)

 

$

283 

Contracts- owned equipment

 

4,036 

 

 

(3,742)

 

 

294 

 

$

5,314 

 

$

(4,737)

 

$

577 

December 31, 2013

 

 

 

 

 

 

 

 

Trademarks

$

1,278 

 

$

(962)

 

$

316 

Contracts- owned equipment

 

4,037 

 

 

(3,676)

 

 

361 

 

$

5,315 

 

$

(4,638)

 

$

677