Intangible Assets

6 Months Ended

Jun. 30, 2011

Intangible Assets [Abstract]

Intangible Assets

10. Intangible Assets

Intangible Assets were established in connection with our 2005 adoption of fresh-start accounting and consist of:

	Weighted Average
	Remaining		June 30, 2011					December 31, 2010
	Amortization Period		Gross		Accumulated			Gross		Accumulated
	(Years)		Amount		Amortization			Amount		Amortization
			(In thousands)					(In thousands)
Internally developed software and technology		2	$	59,027	$	(55,938	)	$	59,027	$	(54,702	)
Trade names		15		9,200		(2,645	)		9,200		(2,415	)
			$	68,227	$	(58,583	)	$	68,227	$	(57,117	)

Total amortization expense for intangible assets was $0.7 million and $2.8 million for the three months ended June 30, 2011 and 2010, respectively, and $1.5 million and $5.6 million for the six months ended June 30, 2011 and 2010, respectively. Annual amortization expense for intangible assets for the five years ending December 31, 2015 is estimated to be as follows (in thousands):

2011	$	2,931
2012		2,314
2013		460
2014		460
2015		460

The following summarizes fair value adjustments made in connection with our adoption of fresh start accounting related to contracts-in-process, long-term receivables, customer advances and billings in excess of costs and profits and long-term liabilities (in thousands):

	June 30,			December 31,
	2011			2010
	(In thousands)
Gross fair value adjustments	$	(36,896	)	$	(36,896	)
Accumulated amortization		19,743			19,299
	$	(17,153	)	$	(17,597	)

Net amortization of these fair value adjustments was a credit to expense of $0.3 million and $0.4 million for the three months ended June 30, 2011 and 2010, respectively and a credit to expense of $0.4 million and $1.3 million for the six months ended June 30, 2011 and 2010, respectively.