Quarterly report pursuant to sections 13 or 15(d)

Other Intangible Assets

v2.4.0.8
Other Intangible Assets
 3 Months Ended
Mar. 31, 2014
Other Intangible Assets [Abstract]  
Other Intangible Assets
3. Other Intangible Assets

The following table summarizes information relating to the Company’s other intangible assets:

 
 
March 31, 2014
  
December 31, 2013
  
 
Useful
  
Gross
  
 
Net
  
Gross
  
 
Net
  
 
Lives
  
Carrying
  
Accumulated
  
Carrying
  
Carrying
  
Accumulated
  
Carrying
  
 
(Years)
  
Amount
  
Amortization
  
Amount
  
Amount
  
Amortization
  
Amount
  
Intangibles (amount in thousands)
 
 
 
 
 
 
 
Patent
    
8-18
    
$
523
    
$
(162
)
  
$
361
    
$
514
    
$
(155
)
  
$
359
  
Software
    
3
      
387
      
(281
)
    
106
      
379
      
(258
)
    
121
  
Non-compete agreement
    
1.2
      
265
      
(213
)
    
52
      
265
      
(174
)
    
91
  
Customer contracts
    
.5
      
790
      
(790
)
    
¾
      
790
      
(790
)
    
¾
  
Customer relationships
    
12
      
3,370
      
(1,055
)
    
2,315
      
3,370
      
(961
)
    
2,409
  
Total
          
$
5,335
    
$
(2,501
)
  
$
2,834
    
$
5,318
    
$
(2,338
)
  
$
2,980
  
 
The intangible assets are amortized on a straight-line basis over their useful lives with the exception of customer relationships which are being amortized using an accelerated method.

The following table summarizes the expected amortization over the next five years for our definite-lived intangible assets (which include the one definite-lived permit at our Diversified Scientific Services, Inc. (“DSSI”) subsidiary):
 
  
  
Amount
  
Year
 
(In thousands)
  
 
 
  
 
2014 (remaining)
  
$
401
  
2015
 
    
492
  
2016
 
    
419
  
2017
 
    
385
  
2018
 
    
355
  
 
  
  
$
2,052
  

Amortization expense relating to intangible assets for the Company was $176,000 and $164,000 for the three months ended March 31, 2014 and 2013, respectively.