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Intangible and Other Assets
12 Months Ended
Dec. 31, 2012
Intangible and Other Assets
2. Intangible and Other Assets

Following is a summary of intangible assets as of December 31:

 

     Weighted
Average
Life
     2012      2011  
        Gross
Amount
     Accumulated
Amortization
     Gross
Amount
     Accumulated
Amortization
 

Intangibles:

              

Patents and licenses, software and hardware designs

     6 years       $ 3,955       $ 1,684       $ 4,225       $ 1,661   

Developed technology

     10 years         2,782         904         2,782         626   

Customer relationships and non-compete

     9 years         2,838         1,092         2,838         756   

Trademark

     Indefinite         833         —           833         —     
     

 

 

    

 

 

    

 

 

    

 

 

 
      $ 10,408       $ 3,680       $ 10,678       $ 3,043   
     

 

 

    

 

 

    

 

 

    

 

 

 

 

Amortization expense for 2012, 2011 and 2010 was $1,224, $1,131 and $1,043, respectively. Estimated amortization expense for each of the ensuing years through December 31, 2017 is $1,117, $1,105, $1,030, $784 and $638, respectively.

Following is a summary of other assets as of December 31:

 

     2012      2011  

Other assets:

     

Bauxite raw materials:

     

Inventories

   $ 13,143       $ 23,842   

Prepayments

     474         1,174   

Other assets

     220         826   
  

 

 

    

 

 

 
   $ 13,837       $ 25,842   
  

 

 

    

 

 

 

Bauxite raw materials are used in the production of heavyweight ceramic products. As of December 31, 2012 and 2011, the Company has classified as long-term assets those bauxite raw materials inventories and prepayments in the United States that are not expected to be consumed in production during the upcoming twelve month period.