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Long-Lived Assets
9 Months Ended
Sep. 30, 2015
Long-Lived Assets  
Long-Lived Assets

4. Long-Lived Assets

 

Property, plant and equipment consisted of the following (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

 

    

2015

    

2014

 

Property, plant and equipment

 

$

910,799

 

$

843,589

 

Less accumulated depreciation

 

 

(338,557)

 

 

(277,633)

 

 

 

$

572,242

 

$

565,956

 

 

Depreciation expense amounted to $22.0 million and $63.9 million for the three and nine months ended September 30, 2015, respectively.  Depreciation expense amounted to $19.0 million and $55.1 million for the three and nine months ended September 30, 2014, respectively.

 

The gross carrying amount and accumulated amortization of identifiable intangible assets are as follows (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2015

 

December 31, 2014

 

 

    

Gross

    

 

 

    

Net

    

Gross

    

 

 

    

Net

 

 

 

Carrying

 

Accumulated

 

Carrying

 

Carrying

 

Accumulated

 

Carrying

 

 

 

Value

 

Amortization

 

Value

 

Value

 

Amortization

 

Value

 

Subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

21,709

 

$

13,628

 

$

8,081

 

$

21,709

 

$

11,799

 

$

9,910

 

Trade name and other

 

 

320

 

 

247

 

 

73

 

 

320

 

 

202

 

 

118

 

 

 

 

22,029

 

 

13,875

 

 

8,154

 

 

22,029

 

 

12,001

 

 

10,028

 

Not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Brand name

 

 

27,300

 

 

 —

 

 

27,300

 

 

27,300

 

 

 —

 

 

27,300

 

 

 

 

27,300

 

 

 —

 

 

27,300

 

 

27,300

 

 

 —

 

 

27,300

 

 

 

$

49,329

 

$

13,875

 

$

35,454

 

$

49,329

 

$

12,001

 

$

37,328

 

 

Amortization expense amounted to $0.6 million and $1.9 million for the three and nine months ended September 30, 2015, respectively.  Amortization expense amounted to $0.7 million and $2.2 million for the three and nine months ended September 30, 2014, respectively.  Estimated amortization expense for the next five years and thereafter is as follows (dollars in thousands):

 

 

 

 

 

 

2015 (remaining months)

    

$

624

 

2016

 

 

2,101

 

2017

 

 

1,703

 

2018

 

 

1,308

 

2019

 

 

930

 

Thereafter

 

 

1,488

 

 

 

$

8,154