Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

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Intangible Assets, Net
 3 Months Ended
Mar. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net
INTANGIBLE ASSETS, NET
Intangible assets that are determined to have finite lives include patents and purchased technology and are amortized over their estimated useful lives, which are approximately 10 years. Intangible assets with indefinite useful lives include trademarks and trade names and are not amortized but are periodically evaluated for impairment.
The following table summarizes the Company’s identifiable intangible assets balance (in thousands):
 
March 31,
2014
 
December 31,
2013
 
March 31,
2013
Intangible assets subject to amortization:
 
 
 
 
 
Gross carrying amount
$
14,198

 
$
14,198

 
$
14,198

Accumulated amortization
(5,664
)
 
(5,331
)
 
(4,334
)
Net carrying amount
8,534

 
8,867

 
9,864

Intangible assets not subject to amortization
27,421

 
27,421

 
27,421

Intangible assets, net
$
35,955

 
$
36,288

 
$
37,285


Annual amortization expense for intangible assets subject to amortization is estimated to be $1,330,000 in 2014 through 2018.