| Components of Goodwill |
Goodwill consisted of the following:
|
|
|
2015 |
|
|
2014 |
|
|
Balance at January 1, |
|
$ |
39,870 |
|
|
$ |
20,335 |
|
|
Additions through acquisitions |
|
|
72,528 |
|
|
|
19,952 |
|
|
Measurement period adjustments |
|
|
27 |
|
|
|
(417 |
) |
|
Balance at December 31, |
|
$ |
112,425 |
|
|
$ |
39,870 |
|
|
| Components of Intangible Assets |
The Company’s intangible assets consisted of the following:
|
|
|
|
|
December 31, 2015 |
|
|
December 31, 2014 |
|
|
|
|
Useful life
(years) |
|
Cost |
|
|
Accumulated
amortization |
|
|
Net |
|
|
Cost |
|
|
Accumulated
amortization |
|
|
Net |
|
|
Customer lists |
|
5 - 14 |
|
$ |
90,212 |
|
|
$ |
(11,319 |
) |
|
$ |
78,893 |
|
|
$ |
21,850 |
|
|
$ |
(2,939 |
) |
|
$ |
18,911 |
|
|
Patents and technology |
|
5 - 10 |
|
|
16,390 |
|
|
|
(4,090 |
) |
|
|
12,300 |
|
|
|
8,473 |
|
|
|
(2,259 |
) |
|
|
6,214 |
|
|
Trade names and trademarks |
|
2 - 10 |
|
|
2,885 |
|
|
|
(906 |
) |
|
|
1,979 |
|
|
|
1,690 |
|
|
|
(481 |
) |
|
|
1,209 |
|
|
|
|
|
|
$ |
109,487 |
|
|
$ |
(16,315 |
) |
|
$ |
93,172 |
|
|
$ |
32,013 |
|
|
$ |
(5,679 |
) |
|
$ |
26,334 |
|
|
| Estimated Annual Amortization Expense for Intangible Assets |
Estimated amortization expense for intangible assets is as follows:
|
Years ending December 31, |
|
|
|
|
|
2016 |
|
$ |
10,927 |
|
|
2017 |
|
|
10,781 |
|
|
2018 |
|
|
10,728 |
|
|
2019 |
|
|
10,691 |
|
|
2020 |
|
|
10,201 |
|
|
Thereafter |
|
|
39,844 |
|
|
|
|
$ |
93,172 |
|
|