Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.5.0.2
Intangible Assets
6 Months Ended
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
3. Intangible Assets

 

The gross carrying amounts of intangible assets included within other long-term assets, the related accumulated amortization, the net carrying amounts and the weighted-average amortization periods of the Company’s intangible assets are listed in the following table (in thousands, except amortization period): 

 

    June 30, 2016  
    Gross Carrying
Amount
    Accumulated
Amortization
    Net Carrying
Amount
    Weighted-
Average
Amortization
Period (Years)
 
Customer relationships   $ 120,000     $ (26,060 )   $ 93,940       6.0  
Licenses     3,368       (461 )     2,907       5.6  
Non-compete agreements     660       (165 )     495       1.0  
Total intangible assets subject to amortization   $ 124,028     $ (26,686 )   $ 97,342          
License (Indefinite-lived)   $ 4,427     $     $          

 

    December 31, 2015  
    Gross Carrying
Amount
    Accumulated
Amortization
    Net Carrying
Amount
    Weighted-
Average
Amortization
Period (Years)
 
Customer relationships   $ 120,000     $ (15,527 )   $ 104,473       6.0  
Backlog     70,000       (70,000 )           1.0  
Licenses     3,368       (208 )     3,160       5.6  
Total intangible assets subject to amortization   $ 193,368     $ (85,735 )   $ 107,633          
License (Indefinite-lived)   $ 4,427     $     $          

 

The aggregate amortization expense is as follows (in thousands):

 

    Three Months Ended
June 30,
    Six Months Ended
June 30,
 
    2016     2015     2016     2015  
Amortization expense   $ 5,562     $ 20,992     $ 10,951     $ 39,222  

 

The following table sets forth the Company’s estimated aggregate amortization expense for each of the five years below (in thousands):

 

Year ended December 31,   Amortization
Expense
 
2017   $ 31,342  
2018     26,058  
2019     18,489  
2020     9,906  
2021     75