Intangible Assets

9 Months Ended

Sep. 30, 2012

Intangible Assets [Abstract]

Intangible Assets

5. Intangible Assets

The amount of identified intangible assets, including the respective amounts of accumulated amortization, are as follows:

(amounts in thousands)	September 30, 2012			December 31, 2011
Database	$	14,682		$	13,223
Accumulated amortization		(11,339	)		(9,784	)
Database, net		3,343			3,439
Customer relationships		14,100			14,100
Accumulated amortization		(5,200	)		(4,462	)
Customer relationships, net		8,900			9,638
Web site		7,913			6,470
Accumulated amortization		(4,797	)		(3,784	)
Web site, net		3,116			2,686
Acquired below market lease		2,800			2,800
Accumulated amortization		(1,635	)		(1,408	)
Acquired below market lease, net		1,165			1,392
Intangibles, net	$	16,524		$	17,155

The Company capitalized approximately $520,000 and $512,000 during the three months ended September 30, 2012 and 2011, respectively, and $1,459,000 and $1,427,000 during the nine months ended September 30, 2012 and 2011, respectively, to the database intangible asset. The Company capitalized approximately $474,000 and $421,000 during the three months ended September 30, 2012 and 2011, respectively, and $1,443,000 and $1,171,000 during the nine months ended September 30, 2012 and 2011, respectively, to the web site intangible asset.

Amortization expense for intangible assets aggregated approximately $1,046,000 and $3,533,000 for the three and nine months ended September 30, 2012, of which approximately $330,000 and $1,555,000 related to the database, which is charged to cost of sales, approximately $246,000 and $738,000 related to customer relationships, which is charged to sales and marketing expense, approximately $396,000 and $1,013,000 related to web site development, which is charged to product development expense, and approximately $75,000 and $227,000 related to the value ascribed to the below market terms of the office lease, which is charged to general and administrative expense, all in the Reis Services segment. Amortization expense for intangible assets aggregated approximately $1,232,000 and $3,549,000 for the three and nine months ended September 30, 2011, of which approximately $601,000 and $1,778,000 related to the database, approximately $247,000 and $744,000 related to customer relationships, approximately $308,000 and $800,000 related to web site development, and approximately $76,000 and $227,000 related to the value ascribed to the below market terms of the office lease.