Customer Relationships and Other Intangibles, Net

6 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Customer Relationships and Other Intangibles, Net

CUSTOMER RELATIONSHIPS AND OTHER INTANGIBLES, NET

F6: Details of Customer Relationships and Other Intangibles, Net
	June 30, 2016			December 31, 2015
	(in thousands)
Customer relationships	$	116,501		$	116,073
Purchased and internally developed software	5,649			5,284
Trademarks	14,813			14,759
Customer relationships and other intangibles, at cost	136,963			136,116
Accumulated amortization	(48,463		)	(41,281		)
Customer relationships and other intangibles, net	$	88,500		$	94,835

Amortization expense was $3.5 million and $7.1 million for the three and six months ended June 30, 2016, respectively, compared to $4.2 million and $8.4 million for the three and six months ended June 30, 2015, respectively.

Amortization of customer relationships is done over a 15 year period using an accelerated method that reflects the expected future cash flows from the acquired customer-list intangible asset. Trademarks are amortized over a straight-line basis over the estimated useful life of 15 years.

Software development costs are amortized over a 3 year life with the expense recorded in selling and administrative expense. Amortization expense related to capitalized software was $0.4 million and $0.8 million for the three and six months ended June 30, 2016, respectively, compared to $0.4 million and $0.7 million for the three and six months ended June 30, 2015.