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Intangible Assets
 9 Months Ended
Sep. 30, 2015
Intangible Assets [Abstract]  
Intangible Assets

(7)Intangible Assets

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

 

 

Trademarks and tradename

                 1-10 years

Contracts – owned equipment

  5-7 years

Customer relationships

8 years

 

Total amortization expense was less than $0.1 million and $0.1 million for the three months ended September 30, 2015 and 2014, respectively, and $0.2 million and $0.3 million for the nine months ended September 30, 2015 and 2014, respectively.

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Carrying Amount

 

Accumulated Amortization

 

Net Carrying Amount

September 30, 2015

 

 

 

 

 

 

 

 

Trademarks and tradename

$
1,842 

 

$
(1,164)

 

$
678 

Contracts- owned equipment

 
3,689 

 

 
(3,689)

 

 

 -

Customer relationships

 
620 

 

 

 -

 

 
620 

 

$
6,151 

 

$
(4,853)

 

$
1,298 

December 31, 2014

 

 

 

 

 

 

 

 

Trademarks and tradename

$
1,278 

 

$
(1,084)

 

$
194 

Contracts- owned equipment

 
3,812 

 

 
(3,733)

 

 
79 

 

$
5,090 

 

$
(4,817)

 

$
273