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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets [Abstract]  
Schedule of Acquired Intangible Assets by Major Category

We have obtained various intangible assets from several acquisitions since 2002. The table below details the gross and net carrying amounts of these assets by major category (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

2013

 

 

2012

 

Gross Carrying Amount:

 

 

 

 

 

 

 

 

Customer/agent relationships

 

$

32,177

 

 

$

32,177

 

Tradename

 

 

3,440

 

 

 

3,440

 

Management agreement

 

 

3,232

 

 

 

3,232

 

Non-compete & employment agreements

 

 

4,235

 

 

 

4,235

 

Insurance licenses

 

 

1,300

 

 

 

1,300

 

Total gross carrying amount

 

 

44,384

 

 

 

44,384

 

 

 

 

 

 

 

 

 

 

Accumulated Amortization:

 

 

 

 

 

 

 

 

Customer/agent relationships

 

 

(15,322

)

 

 

(13,084

)

Tradename

 

 

(1,700

)

 

 

(1,471

)

Management agreement

 

 

(3,232

)

 

 

(2,895

)

Non-compete & employment agreements

 

 

(4,177

)

 

 

(3,866

)

Total accumulated amortization

 

 

(24,431

)

 

 

(21,316

)

Total net carrying amount

 

$

19,953

 

 

$

23,068

 

 

Schedule of Estimated Aggregate Amortization Expense for Definite-Lived Intangible Assets

The estimated aggregate amortization expense for definite-lived intangible assets for the next five years is as follows (in thousands):

 

 

 

 

 

2014

 

$

2,526 

 

2015

 

$

2,468 

 

2016

 

$

2,468 

 

2017

 

$

2,468 

 

2018

 

$

2,468 

 

 

Schedule of Weighted Average Amortization Period for Definite Lived Intangible Assets by Major Cass

The weighted average amortization period for definite-lived intangible assets by major class is as follows:

 

 

 

Years

Tradename

15

Customer relationships

15

Management agreement

4

Non-compete agreements

5