Annual report pursuant to Section 13 and 15(d)

Intangible Assets, Net and Goodwill

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Intangible Assets, Net and Goodwill
12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net and Goodwill
INTANGIBLE ASSETS, NET AND GOODWILL
Intangible assets that are determined to have finite lives include patents and purchased technology and are amortized over their estimated useful lives, which is approximately 10 years. Intangible assets with indefinite useful lives include trademarks and trade names and are not amortized but are periodically evaluated for impairment.
Identifiable intangible assets consisted of the following (in thousands):
 
 
December 31, 
 
 
2013
 
2012
Intangible assets subject to amortization:
 
 
 
 
Gross carrying amount
 
$
14,198

 
$
14,198

Accumulated amortization
 
(5,331
)
 
(4,001
)
Net carrying amount
 
8,867

 
10,197

Intangible assets not subject to amortization
 
27,421

 
27,421

Intangible assets, net
 
$
36,288

 
$
37,618


Amortization expense for the years ended December 31, 2013, 2012, and 2011 was $1,330,000, $1,402,000 and $1,403,000, respectively. Annual amortization expense for intangible assets subject to amortization is estimated to be $1,330,000 in 2014 through 2018.
At December 31, 2013, 2012 and 2011, the Company determined that its goodwill and intangible assets were not impaired.