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Intangibles
12 Months Ended
Dec. 31, 2011
Intangibles [Abstract]  
Intangibles

Note 8: Intangibles

For the year ended December 31, 2011 and 2010, intangible assets, net, consisted of $62.0 and $3.0 million, respectively, related to our acquisitions and patent portfolio. The gross carrying amount and accumulated amortization of our finite-lived intangibles were as follows for the year ended December 31, 2011 (in thousands):

 

                             
     Gross Carrying
Amount
     Accumulated
Amortization
     Net Carrying
Amount
     Weighted
Average
Useful Life

Intangible assets from Vocollect Acquisition:

                               

Developed technology

     $           40,200           $ 9,416           $           30,784         5 years

In-process research and development

     1,900           -           1,900         7 years

Customer relationships

     17,600           623           16,977         11 years

Trademarks

     5,200           303           4,897         10 years

Lease agreements

     2,600           245           2,355         8 years

Total intangible assets from Vocollect Acquisition:

     67,500           10,587           56,913          
    

 

 

    

 

 

    

 

 

      

Other intangibles

     14,459           9,376           5,083         5 years
    

 

 

    

 

 

    

 

 

      

Total

     $ 81,959           $           19,963           $ 61,996          
    

 

 

    

 

 

    

 

 

      

The following table indicates the change in our intangible assets, net, during the years ended December 31, 2011 and 2010 (in thousands):

 

                 
     Year Ended December 31,  
     2011     2010  

Beginning balance

   $ 3,031      $ 2,587   

Additions

     70,831        1,370   

Amortization

     (11,866     (886

Sales

     -        (40
    

 

 

   

 

 

 

Ending balance

   $         61,996      $           3,031   
    

 

 

   

 

 

 

 

 

Amortization expense on intangible assets was $11.8, $0.8 and $1.1 million for the years ended December 31, 2011, 2010 and 2009, respectively.

Estimated amortization expense for the succeeding five fiscal years is as follows (in thousands):

 

                         

Year

   Amount                      

2012

   $     18,558                       

2013

     16,367                       

2014

     8,865                       

2015

     6,005                       

2016

     3,482                       
    

 

 

                     

Total

   $ 53,277