| Summary of Intangible Assets |
The following is a summary of intangible assets as of December 31, 2015 and December 31, 2014:
|
|
|
Customer
Relationships |
|
|
Other
Intangible
Assets |
|
|
Total |
|
|
Cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, January 1, 2015 |
|
$ |
17,560 |
|
|
$ |
1,663 |
|
|
$ |
19,223 |
|
|
Acquisition of certain assets of Jamison |
|
|
5,000 |
|
|
|
804 |
|
|
|
5,804 |
|
|
Balance, December 31, 2015 |
|
|
22,560 |
|
|
|
2,467 |
|
|
|
25,027 |
|
|
Useful lives |
|
|
10-20 years |
|
|
|
3-5 years |
|
|
|
|
|
|
Accumulated amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, January 1, 2015 |
|
|
(6,627 |
) |
|
|
(1,429 |
) |
|
|
(8,056 |
) |
|
Amortization expense |
|
|
(1,435 |
) |
|
|
(205 |
) |
|
|
(1,640 |
) |
|
Balance, December 31, 2015 |
|
|
(8,062 |
) |
|
|
(1,634 |
) |
|
|
(9,696 |
) |
|
Net book value |
|
$ |
14,498 |
|
|
$ |
833 |
|
|
$ |
15,331 |
|
|
Cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, January 1, 2014 |
|
$ |
17,560 |
|
|
$ |
1,663 |
|
|
$ |
19,223 |
|
|
Balance, December 31, 2014 |
|
|
17,560 |
|
|
|
1,663 |
|
|
|
19,223 |
|
|
Useful lives |
|
|
10-20 years |
|
|
|
3-5 years |
|
|
|
|
|
|
Accumulated amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, January 1, 2014 |
|
|
(5,410 |
) |
|
|
(1,224 |
) |
|
|
(6,634 |
) |
|
Amortization expense |
|
|
(1,217 |
) |
|
|
(205 |
) |
|
|
(1,422 |
) |
|
Balance, December 31, 2014 |
|
|
(6,627 |
) |
|
|
(1,429 |
) |
|
|
(8,056 |
) |
|
Net book value |
|
$ |
10,933 |
|
|
$ |
234 |
|
|
$ |
11,167 |
|
|