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Intangible Assets
 3 Months Ended
Mar. 31, 2016
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

Customer relationships

8 years



Total amortization expense was $0.1 million for both the three months ended March 31, 2016 and 2015.

Intangible assets as of March 31, 2016 and December 31, 2015 were as follows (in thousands):







 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Gross Carrying Amount

 

Accumulated Amortization

 

Net Carrying Amount

March 31, 2016

 

 

 

 

 

 

 

 

Trademarks and tradename

$

 2,334 

 

$

 (1,274)

 

$

 1,060 

Customer relationships

 

 3,799 

 

 

 (39)

 

 

 3,760 



$

 6,133 

 

$

 (1,313)

 

$

 4,820 

December 31, 2015

 

 

 

 

 

 

 

 

Trademarks and tradename

$

 1,840 

 

$

 (1,218)

 

$

 622 

Customer relationships

 

 620 

 

 

 (19)

 

 

 601 



$

 2,460 

 

$

 (1,237)

 

$

 1,223 

     





As of March 31, 2016, amortization expense for unamortized intangible assets is expected to be $0.7 million for each of the next five years and $1.4 million, in total, thereafter.