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Long-Lived Assets
3 Months Ended
Mar. 31, 2016
Long-Lived Assets  
Long-Lived Assets

4. Long-Lived Assets

 

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

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

 

    

2016

    

2015

 

Property, plant and equipment cost

 

$

961,009

 

$

937,927

 

Less accumulated depreciation

 

 

378,738

 

 

358,820

 

 

 

$

582,271

 

$

579,107

 

 

Depreciation expense amounted to $21.4 million and $20.7 million for the three months ended March 31, 2016 and 2015, respectively. 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2016

 

December 31, 2015

 

 

    

Gross

    

 

 

    

Net

    

Gross

    

 

 

    

Net

 

 

 

Carrying

 

Accumulated

 

Carrying

 

Carrying

 

Accumulated

 

Carrying

 

 

 

Value

 

Amortization

 

Value

 

Value

 

Amortization

 

Value

 

Subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

21,709

 

$

14,753

 

$

6,956

 

$

21,709

 

$

14,238

 

$

7,471

 

Trade name and other

 

 

320

 

 

272

 

 

48

 

 

320

 

 

263

 

 

57

 

 

 

 

22,029

 

 

15,025

 

 

7,004

 

 

22,029

 

 

14,501

 

 

7,528

 

Not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Brand name

 

 

27,300

 

 

 —

 

 

27,300

 

 

27,300

 

 

 —

 

 

27,300

 

 

 

 

27,300

 

 

 —

 

 

27,300

 

 

27,300

 

 

 —

 

 

27,300

 

 

 

$

49,329

 

$

15,025

 

$

34,304

 

$

49,329

 

$

14,501

 

$

34,828

 

 

Amortization expense amounted to $0.5 million and $0.6 million for the three months ended March 31, 2016 and 2015, respectively.  Estimated amortization expense for the next five years and thereafter is as follows (dollars in thousands):

 

 

 

 

 

 

Year ended December 31,

    

 

 

 

2016 (remaining months)

    

$

1,576

 

2017

 

 

1,703

 

2018

 

 

1,307

 

2019

 

 

930

 

2020

 

 

574

 

Thereafter

 

 

914

 

 

 

$

7,004