Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2012

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

5. Goodwill and Intangible Assets

Goodwill

In October 2011, the Company recorded goodwill of $0.2 million related to the acquisition of assets from Envision. Because the Company’s market capitalization exceeded its book value at December 31, 2011 and based on review of qualitative factors, there was no indication of goodwill impairment.

Intangible Assets

The Company amortizes intangible assets with finite lives on a straight-line basis over the estimated useful lives, which range from one to eight years. The summary of other intangible assets, net as of June 30, 2012 and December 31, 2011 are as follows:

	June 30, 2012						December 31, 2011
	Cost		Accumulated Amortization		Net Book Value		Cost		Accumulated Amortization		Net Book Value
Customer contracts and relationships	$	17,263	$	11,501	$	5,762	$	17,263	$	10,554	$	6,709
Patents and technology		7,408		6,462		946		7,408		6,223		1,185
Trademarks and trade names		2,729		2,419		310		2,729		2,361		368
Other		3,254		2,430		824		3,254		2,184		1,070
	$	30,654	$	22,812	$	7,842	$	30,654	$	21,322	$	9,332

The $1.5 million decrease in the net book value of intangible assets at June 30, 2012 compared to December 31, 2011 reflects amortization expense of $1.5 million recorded for the six months ended June 30, 2012.

The Company’s scheduled amortization expense for 2012 and the next five years is as follows:

Fiscal Year	Amount
2012	$	2,971
2013	$	2,646
2014	$	2,130
2015	$	1,419
2016	$	166