| Carrying value intangible assets |
The carrying value of the Company’s
intangible assets at December 31, 2015 were as follows:
| |
|
|
|
|
|
|
|
|
|
| |
Weighted Average Amortization Period
(Years) |
|
Gross Carrying Amount |
|
Accumulated Amortization |
|
Charge for Impairments |
|
Net Carrying Amount |
| Software and technology |
3 |
$ |
4,108 |
$ |
(1,027) |
$ |
- |
$ |
3,081 |
| Customer relationships |
5 |
|
7,089 |
|
(1,182) |
|
- |
|
5,907 |
| Customer order backlog |
0 |
|
322 |
|
(322) |
|
- |
|
- |
| Total |
|
$ |
11,519 |
$ |
(2,531) |
$ |
- |
$ |
8,988 |
The carrying values of the Company’s
intangible assets at December 31, 2014, were as follows:
| |
|
|
|
|
|
|
|
|
|
| |
Weighted Average Amortization Period
(Years) |
|
Gross Carrying Amount |
|
Accumulated Amortization |
|
Charge for Impairments |
|
Net Carrying Amount |
| Software and technology |
4 |
$ |
9,200 |
$ |
(3,048) |
$ |
(2,044) |
$ |
4,108 |
| Customer relationships |
6 |
|
22,200 |
|
(4,408) |
|
(10,703) |
|
7,089 |
| Partner relationships |
10 |
|
8,800 |
|
(1,202) |
|
(7,598) |
|
- |
| Tradenames and trademarks |
10 |
|
1,700 |
|
(246) |
|
(1,454) |
|
- |
| Covenant not-to-compete |
2 |
|
1,150 |
|
(763) |
|
(387) |
|
- |
| Customer order backlog |
1 |
|
722 |
|
(400) |
|
|
|
322 |
| Total |
|
$ |
43,772 |
$ |
(10,067) |
$ |
(22,186) |
$ |
11,519 |
|
| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
Future amortization expense for these assets
for the five years ending December 31 and thereafter is as follows:
| |
|
|
| 2016 |
$ |
2,209 |
| 2017 |
|
2,209 |
| 2018 |
|
2,209 |
| 2019 |
|
1,181 |
| 2020 |
|
1,180 |
| Thereafter |
|
0 |
| Total |
$ |
8,988 |
|