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Intangible Assets
 9 Months Ended
Sep. 30, 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 September 30, 2014 and 2013, respectively, and $0.3 million and $0.7 million for the nine months ended September 30, 2014 and 2013, respectively.

Intangible assets as of September 30, 2014 and December 31, 2013 were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Carrying Amount

 

Accumulated Amortization

 

Net Carrying Amount

September 30, 2014

 

 

 

 

 

 

 

 

Trademarks

$
1,278 

 

$
(1,055)

 

$
223 

Contracts- owned equipment

 
3,887 

 

 
(3,742)

 

 
145 

 

$
5,165 

 

$
(4,797)

 

$
368 

December 31, 2013

 

 

 

 

 

 

 

 

Trademarks

$
1,278 

 

$
(962)

 

$
316 

Contracts- owned equipment

 
4,037 

 

 
(3,676)

 

 
361 

 

$
5,315 

 

$
(4,638)

 

$
677