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INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2016
INTANGIBLE ASSETS  
Schedule of intangible assets

Intangible assets on the Company’s consolidated balance sheets consist of the following (in thousands):

 

 

 

 

 

December 31, 2016

 

December 31, 2015

 

 

 

Life

 

Gross
 Amount

 

Accumulated
 amortization

 

Net Book
 Value

 

Gross
 Amount

 

Accumulated
 amortization

 

Net Book
 Value

 

Customer lists

 

8 - 17 years

 

$

37,868

 

$

(10,087

)

$

27,781

 

$

34,149

 

$

(7,785

)

$

26,364

 

Trade name

 

10 - 12 years

 

6,038

 

(2,281

)

3,757

 

4,775

 

(1,793

)

2,982

 

Design and technologies

 

10 - 12 years

 

4,537

 

(1,840

)

2,697

 

2,189

 

(1,570

)

619

 

Patents

 

17 years

 

24

 

(7

)

17

 

24

 

(5

)

19

 

Total

 

 

 

$

48,467

 

$

(14,215

)

$

34,252

 

$

41,137

 

$

(11,153

)

$

29,984

 

 

Schedule of estimated amortization expense for intangible assets

 

Year ending December 31,

 

Total

 

2017

 

$

3,162 

 

2018

 

3,162 

 

2019

 

3,162 

 

2020

 

3,162 

 

2021

 

2,929 

 

Thereafter

 

18,675 

 

 

 

$

34,252