Note 5. Supplemental Financial Statement Information

Cash and cash equivalents at December 31, 2012 and 2011 were as follows:

(in millions)	2012		2011
Cash	$	222.8	$	339.6
Other short-term investments		81.8		41.0
Total cash and cash equivalents	$	304.6	$	380.6

Accounts receivable are presented net of a reserve for doubtful accounts of $5.5 million at December 31, 2012, and $5.9 million at December 31, 2011. During 2012, the Company recognized expense of $1.0 million to increase the reserve for doubtful accounts and wrote off $1.4 million of uncollectible accounts, which decreased the reserve. During 2011, the Company recognized expense of $2.1 million to increase the reserve for doubtful accounts and wrote off $2.7 million of uncollectible accounts, which decreased the reserve. Additionally, the 2011 year end reserve for doubtful accounts included $0.9 million acquired as part of the Ladish acquisition. During 2010, the Company recognized expense of $0.5 million to increase the reserve for doubtful accounts and wrote off $1.4 million of uncollectible accounts, which decreased the reserve.

Other intangible assets, which are included in Other assets on the accompanying consolidated balance sheets as of December 31, 2012 and 2011 were as follows:

		December 31, 2012				December 31, 2011
		Gross				Gross
	Useful life	carrying		Accumulated		carrying		Accumulated
(in millions)	(years)	amount		amortization		amount		amortization
Technology	20	$	74.0	$	(2.0)	$	74.0	$	(0.8)
Customer relationships	25		31.0		(6.2)		31.0		(2.5)
Total amortizable intangible assets			105.0		(8.2)		105.0		(3.3)
Indefinite-lived trademarks			61.0		-		61.0		-
Total intangible assets		$	166.0	$	(8.2)	$	166.0	$	(3.3)

Amortization expense related to the amortizable intangibles acquired in the Ladish acquisition was approximately $4.9 million and $3.3 million for the years ended December 31, 2012 and 2011, respectively. For each of the years ending December 31, 2013 through 2017, annual amortization expense is expected to be $4.9 million. No impairment of indefinite-lived intangible assets was determined to exist for the years ended December 31, 2012 and 2011.

Accrued liabilities included salaries, wages and other payroll-related liabilities of $79.3 million and $86.3 million at December 31, 2012 and 2011, respectively.

	Other income (expense) for the years ended December 31, 2012, 2011, and 2010 was as follows:

(in millions)		2012		2011		2010
Rent, royalty income and other income		$	0.8	$	1.3	$	1.4
Gain (losses) on insured events			-		(0.2)		2.0
Net losses on property and investments			(0.5)		(0.3)		-
Other			(0.1)		(0.2)		(0.4)
Total other income, net		$	0.2	$	0.6	$	3.0