Intangible Assets

12 Months Ended

Dec. 31, 2011

Intangible Assets [Abstract]

Intangible Assets

8. Intangible Assets

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

		September 30,		September 30,		September 30,			September 30,		September 30,
	Weighted Average Remaining Amortization		December 31, 2011					December 31, 2010
	Period (Years)		Gross Amount		Accumulated Amortization			Gross Amount		Accumulated Amortization
Internally developed software and technology		1	$	59,027	$	(57,173	)	$	59,027	$	(54,702	)
Trade names		14		9,200		(2,875	)		9,200		(2,415	)
Total			$	68,227	$	(60,048	)	$	68,227	$	(57,117	)

Total amortization expense for intangible assets was $2.9 million, $9.2 million and $11.3 million for the years ended December 31, 2011, 2010 and 2009, respectively. Annual amortization expense for intangible assets for the five years ended December 31, 2016 is estimated to be as follows (in thousands):

		September 30,
2012	$	2,314
2013		460
2014		460
2015		460
2016		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):

		September 30,			September 30,
	December 31,
	2011			2010
Gross fair value adjustments	$	(36,896	)	$	(36,896	)
Accumulated amortization		20,255			19,299
	$	(16,641	)	$	(17,597	)

Net amortization of these fair value adjustments was a credit to expense of $1.0 million in 2011, a credit to expense of $2.9 million in 2010 and a charge to expense of $2.6 million in 2009.