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Intangible Assets, Net
6 Months Ended
Jun. 30, 2016
Intangible Assets, Net  
Intangible Assets, Net

Note 4. Intangible Assets, Net

Intangible assets, net consist of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

    

Useful

    

 

 

    

Accumulated

    

Net Carrying

    

Remaining

 

 

 

Life

 

Gross Value

 

Amortization

 

Value

 

Useful Life

 

June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Client relationships

 

2 to 10  years  

 

$

11,651

 

$

(4,060)

 

$

7,591

 

7.4

 

Non-compete agreements

 

3 to 5 years

 

 

3,410

 

 

(1,894)

 

 

1,516

 

2.0

 

Trademarks

 

3  years  

 

 

140

 

 

(67)

 

 

73

 

1.6

 

Internal software

 

3 to 5 years

 

 

6,310

 

 

(1,696)

 

 

4,614

 

3.2

 

Intangible assets, net

 

 

 

$

21,511

 

$

(7,717)

 

$

13,794

 

5.4

 

December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Client relationships

 

2 to 10  years  

 

$

11,651

 

$

(3,219)

 

$

8,432

 

7.9

 

Non-compete agreements

 

3 to 5 years

 

 

3,410

 

 

(1,360)

 

 

2,050

 

2.3

 

Trademarks

 

3  years  

 

 

140

 

 

(44)

 

 

96

 

2.1

 

Internal software

 

3 to 5 years

 

 

5,662

 

 

(975)

 

 

4,687

 

3.8

 

Intangible assets, net

 

 

 

$

20,863

 

$

(5,598)

 

$

15,265

 

5.9

 

Amortization expense for intangible assets was $1.0 million and $0.7 million for the quarters ended June 30, 2016 and 2015, respectively and $2.1 million and $1.4 million for the six months ended June 30, 2016 and 2015, respectively.