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Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2012
Intangible Assets, Other Than Fair Value of Contracts in Process, Upon Adoption of Fresh Start Accounting

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

 

    

Weighted Average

Remaining

     September 30, 2012     December 31, 2011  
     Amortization  Period
(Years)
     Gross
Amount
    Accumulated
Amortization
    Gross
Amount
     Accumulated
Amortization
 

Internally developed software and technology

     —         $ 59,027      $ (59,027   $ 59,027       $ (57,173

Trade names

     13         9,200        (3,220     9,200         (2,875
     

 

 

   

 

 

   

 

 

    

 

 

 
        68,227        (62,247     68,227         (60,048
     

 

 

   

 

 

   

 

 

    

 

 

 

Intangible assets, net, classified as assets held for sale

        (68,227     62,247        —           —     
     

 

 

   

 

 

   

 

 

    

 

 

 

Intangible assets, net, as reported

      $ —        $ —          68,227       $ (60,048
     

 

 

   

 

 

   

 

 

    

 

 

 
Schedule Of Annual Amortization Expense For Intangible Assets

Annual amortization expense for intangible assets for the five years ending December 31, 2016 is estimated to be as follows (in thousands):

 

2012

   $ 2,314   

2013

     460   

2014

     460   

2015

     460   

2016

     460   
Schedule of Fair Value Of Contracts-in-Process Upon Adoption of Fresh Start Accounting

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,
2012
    December 31,
2011
 

Gross fair value adjustments

   $ (36,896   $ (36,896

Accumulated amortization

     21,619        20,255   
  

 

 

   

 

 

 
     (15,277     (16,641
  

 

 

   

 

 

 

Fair value adjustments, net classified as (assets) liabilities held for sale

     15,277        —     
  

 

 

   

 

 

 

Fair value adjustments, net, as reported

   $ —        $ (16,641