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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2014
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

 

 

2014

 

2013

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

 

 

(17,561)

 

 

(15,322)

Tradename

 

 

(1,929)

 

 

(1,700)

Management agreement

 

 

(3,232)

 

 

(3,232)

Non-compete & employment agreements

 

 

(4,235)

 

 

(4,177)

Total accumulated amortization

 

 

(26,957)

 

 

(24,431)

Total net carrying amount

 

$

17,427 

 

$

19,953 

 

 

 

 

 

 

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

Insurance licenses are not amortized because they have an indefinite life. We amortize definite-lived intangible assets straight line over their respective lives. The estimated aggregate amortization expense for definite-lived intangible assets for the next five years is as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

2015

 

$

2,468 

2016

 

$

2,468 

2017

 

$

2,468 

2018

 

$

2,468 

2019

 

$

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