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Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2013
Goodwill and Intangible Assets [Abstract]  
Goodwill and Intangible Assets

5. Goodwill and Intangible Assets

Goodwill

The Company had goodwill of $0.2 million at March 31, 2013 and December 31, 2012, respectively. In July 2012, the Company recorded goodwill of $12.5 million with the acquisition of assets related to the TelWorx business. In conjunction with the annual evaluation of goodwill in the fourth quarter 2012, the Company impaired the $12.5 million of goodwill from the TelWorx acquisition.

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 March 31, 2013 and December 31, 2012 are as follows:

 

                                                 
    March 31,
2013
    December 31,
2012
 
    Cost     Accumulated
Amortization
    Net Book
Value
    Cost     Accumulated
Amortization
    Net Book
Value
 

Customer contracts and relationships

  $ 17,381     $ 12,944     $ 4,437     $ 17,381     $ 12,463     $ 4,918  

Patents and technology

    7,878       7,415       463       7,878       7,378       500  

Trademarks and trade names

    3,988       2,648       1,340       3,988       2,575       1,413  

Other

    3,301       3,142       159       3,301       3,128       173  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
    $ 32,548     $ 26,149     $ 6,399     $ 32,548     $ 25,544     $ 7,004  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

The $0.6 million decrease in the net book value of intangible assets at March 31, 2013 compared to December 31, 2012 reflects amortization expense of $0.6 million recorded for the three months ended March 31, 2013.

The assigned lives and weighted average amortization periods by intangible asset category is summarized below:

 

                 

Intangible Assets

  Assigned Life     Weighted Average
Amortization Period
 

Customer contracts and relationships

    4 to 6 years       5.1  

Patents and technology

    1 to 6 years       5.2  

Trademarks and trade names

    3 to 8 years       7.4  

Other

    1 to 6 years       5.6  

 

The Company’s scheduled amortization expense for 2013 and the next five years is as follows:

 

         

Fiscal Year

  Amount  

2013

  $ 2,400  

2014

  $ 1,967  

2015

  $ 1,737  

2016

  $ 468  

2017

  $ 288  

Thereafter

  $ 144