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Intangible Assets, Net
12 Months Ended
Dec. 31, 2016
Intangible Assets, Net  
Intangible Assets, Net

Note 7. Intangible Assets, Net

 

Intangible assets consist of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

    

Useful

    

 

 

    

Accumulated

    

Net Carrying

    

Remaining

 

 

 

Life

 

Gross Value

 

Amortization

 

Value

 

Useful Life

 

December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Client relationships

 

2 to 10 years  

 

$

22,581

 

$

(6,226)

 

$

16,355

 

8.5

 

Non-compete agreements

 

1.5 to 5 years

 

 

3,480

 

 

(2,344)

 

 

1,136

 

1.6

 

Trademarks

 

3 years  

 

 

1,320

 

 

(287)

 

 

1,033

 

2.4

 

Patents

 

3 years  

 

 

200

 

 

(6)

 

 

194

 

2.9

 

Internal software

 

3 to 5 years

 

 

8,976

 

 

(2,819)

 

 

6,157

 

3.0

 

Intangible assets, net

 

 

 

$

36,557

 

$

(11,682)

 

$

24,875

 

6.5

 

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 $6.1 million, $3.7 million and $2.0 million for the years ended December 31, 2016, 2015 and 2014, respectively.

 

Periodic amortization that will be charged to expense over the remaining life of the intangible assets as of December 31, 2016 is as follows (in thousands):

 

 

 

 

 

 

Years Ending December 31,

 

 

 

 

2017

    

$

7,838

 

2018

 

 

6,224

 

2019

 

 

4,309

 

2020

 

 

2,389

 

2021

 

 

1,538

 

Thereafter

 

 

2,577

 

 

 

$

24,875