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INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2013
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of Finite-Lived Intangible Assets
We have the following intangible assets as of June 30, 2013:
 
 
Gross
Carrying
Value
 
Accumulated
Amortization
 
Net
Carrying
Value
Amortized intangible assets
 
(in thousands)
Venture Metals, LLC trade name
 
$
730

 
$
(438
)
 
$
292

Non-compete agreements
 
310

 
(186
)
 
124

Venture Metals, LLC customer list
 
4,800

 
(1,440
)
 
3,360

Total intangible assets
 
$
5,840

 
$
(2,064
)
 
$
3,776

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of June 30, 2013, we expect amortization expense for these assets for the next five fiscal years and thereafter to be as follows:
 
 
Balance -
 
Cancellation of
 
 
 
Balance -
Year
 
Beginning of Year
 
Intangible Asset
 
Amortization
 
End of Year
 
 
(in thousands)
2013
 
$4,275
 
$(145)
 
$(698)
 
$3,432
2014
 
3,432
 
 
(688)
 
2,744
2015
 
2,744
 
 
(584)
 
2,160
2016
 
2,160
 
 
(480)
 
1,680
2017
 
1,680
 
 
(480)
 
1,200
Thereafter
 
1,200
 
 
(1,200)