XML 21 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 4 - Goodwill and Other Intangible Assets
6 Months Ended
Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]

Note 4 – Goodwill and Other Intangible Assets


The changes in the carrying amount of Goodwill for the six months ended June 30, 2014 were as follows:


(in thousands)

 

Six Months Ended June 30, 2014

 

Balance as of the beginning of the period

  $ -  

Goodwill acquired during the period

    28,916  

Balance as of the end of the period

  $ 28,916  

Intangible assets other than Goodwill at June 30, 2014 and December 31, 2013 were as follows:


   

June 30, 2014

   

December 31, 2013

                 

(in thousands)

 

Gross

   

Accumulated Amortization

   

Net

   

Gross

   

Accumulated Amortization

   

Net

   

Useful

Life (in

years)

   

Weighted Average

Useful Life Remaining

(in years)

 
Intangible Assets with finite lives:                                                                

Marketing assets

  $ 930     $ (15 )   $ 915     $ -     $ -     $ -       10       10  

Non-compete agreement

    190       (16 )     174       -       -       -       2       2  

Trade secrets

    250       (8 )     242       -       -       -       5       5  

Internally developed software

    680       (38 )     642       -       -       -       3       3  

Customer relationships

    2,530       (47 )     2,483       -       -       -       9       9  
Total intangible assets   $ 4,580     $ (124 )   $ 4,456     $ -     $ -     $ -                  

Amortization expense for intangible assets for each of the three and six months ended June 30, 2014 was $0.1 million. There was no amortization expense in the same periods of the prior year.


Estimated aggregated amortization expense based on the current carrying value of the amortizable intangible assets is as follows:


(in thousands)

 

Estimated

Amortization Expense

 

Remaining 2014

  $ 373  

2015

    746  

2016

    682  

2017

    500  

2018

    424  

Thereafter

    1,731  

Total estimated amortization expense

  $ 4,456