Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v2.4.0.8
Intangible Assets
9 Months Ended
Sep. 30, 2014
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets
Intangible Assets
Changes in the Company’s intangible assets consisted of the following (in thousands):
September 30, 2014
Useful Life
Gross Carrying Amount
 
Accumulated Amortization
 
Net
Customer relationships
10
$
2,982

 
$
(596
)
 
$
2,386

Developed technology
6
4,667

 
(1,556
)
 
3,111

Trademarks / trade names
15
2,122

 
(283
)
 
1,839

Total intangible assets, net
 
$
9,771

 
$
(2,435
)
 
$
7,336


December 31, 2013
Useful Life
Gross Carrying Amount
 
Accumulated Amortization
 
Net
Customer relationships
10
$
2,982

 
$
(373
)
 
$
2,609

Developed technology
6
3,357

 
(699
)
 
2,658

In-process research and development
6
1,310

 
(297
)
 
1,013

Trademarks / trade names
15
2,122

 
(177
)
 
1,945

Total intangible assets, net
 
$
9,771

 
$
(1,546
)
 
$
8,225


Amortization expense associated with the developed technology included in cost of product revenues was $140,000 and $420,000 for the each of the three and nine months ended September 30, 2014 and 2013, respectively. Amortization expense associated with other acquired intangible assets included in operating expenses as “Amortization of purchased intangibles” was $157,000 for each of the three months ended September 30, 2014 and 2013, respectively, and $470,000 and $471,000 for the nine months ended September 30, 2014 and 2013, respectively.