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Intangible Assets
 6 Months Ended
Jun. 30, 2015
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 less than $0.1 million and $0.1 million for the three months ended June 30, 2015 and 2014, respectively, and $0.1 million and $0.2 million for the six months ended June 30, 2015 and 2014, respectively.

Intangible assets as of June 30, 2015 and December 31, 2014 were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Carrying Amount

 

Accumulated Amortization

 

Net Carrying Amount

June 30, 2015

 

 

 

 

 

 

 

 

Trademarks

$
1,272 

 

$
(1,135)

 

$
137 

Contracts- owned equipment

 
3,672 

 

 
(3,672)

 

 

 -

 

$
4,944 

 

$
(4,807)

 

$
137 

December 31, 2014

 

 

 

 

 

 

 

 

Trademarks

$
1,278 

 

$
(1,084)

 

$
194 

Contracts- owned equipment

 
3,812 

 

 
(3,733)

 

 
79 

 

$
5,090 

 

$
(4,817)

 

$
273