Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.3.1.900
Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract]  
Classes of Intangible Assets

Intangible assets as of December 31, 2015 and 2014 consisted of the following (in thousands):  

 

 

 

 

 

December 31, 2015

 

 

 

Amortization

Period

 

Cost

 

 

Accumulated

Amortization

 

 

Net

 

Trade Name

 

24 months

 

$

3,000

 

 

$

8

 

 

$

2,992

 

Customer Relationships

 

156-180 months

 

 

82,930

 

 

 

247

 

 

 

82,683

 

Support Vector Machine (SVM) technology

 

108 months

 

 

500

 

 

 

213

 

 

 

287

 

Laboratory developed test (LDT) technology

 

164 months

 

 

1,482

 

 

 

416

 

 

 

1,066

 

Flow Cytometry and Cytogenetics technology

 

202 months

 

 

1,000

 

 

 

228

 

 

 

772

 

Total

 

 

 

$

88,912

 

 

$

1,112

 

 

$

87,800

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

Amortization

Period

 

Cost

 

 

Accumulated

Amortization

 

 

Net

 

Customer Relationships

 

156 months

 

$

1,930

 

 

$

71

 

 

$

1,859

 

Support Vector Machine (SVM) technology

 

108 months

 

 

500

 

 

 

167

 

 

 

333

 

Laboratory developed test (LDT) technology

 

164 months

 

 

1,482

 

 

 

297

 

 

 

1,185

 

Flow Cytometry and Cytogenetics technology

 

202 months

 

 

1,000

 

 

 

165

 

 

 

835

 

Total

 

 

 

$

4,912

 

 

$

700

 

 

$

4,212

 

 

Amortization Expense of Intangibles Assets

The Company recorded amortization expense of intangible assets in the consolidated statements of operations as follows (in thousands):

 

 

 

For the Years Ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

Amortization of intangible assets

 

$

412

 

 

$

295

 

 

$

223

 

 

Estimated Amortization Expense

The estimated amortization expense related to amortizable intangible assets for each of the five succeeding fiscal years and thereafter as of December 31, 2015 is as follows (in thousands):

 

Years Ending December 31,

 

As of December 31,

 

2016

 

$

7,272

 

2017

 

 

7,264

 

2018

 

 

5,771

 

2019

 

 

5,771

 

2020

 

 

5,771

 

Thereafter

 

 

55,951

 

Total

 

$

87,800