Intangible assets, net

12 Months Ended

Dec. 31, 2012

Intangible assets, net

Intangible assets, net

Note F. Intangible assets, net

        The balance of intangible assets is comprised of the following:

	December 31,
	2012			2011
Covenant not to compete	$	3,533		$	834
Trade names		15,088			720
Proprietary know how		34,650			650
Lease contract rights		51,650			—
Management contract rights		81,000			—
Accumulated amortization		(10,335	)		(846	)
Intangible assets, net	$	175,587		$	1,358

        The expected future amortization of intangible assets is as follows:

	Intangible asset amortization
2013	$	27,697
2014		23,133
2015		21,030
2016		20,282
2017		13,423
2018 and Thereafter		69,997
Total	$	175,567

        Amortization expense related to intangible assets included in depreciation and amortization was $3,987, $260 and $2,173 for the years ended December 31, 2012, 2011 and 2010, respectively. Amortization for lease contracts, net of unfavorable lease contracts was $1,888 for the year ended December 31, 2012 and is a reduction to cost of parking services of lease contract. There was no amortization for lease contracts included in cost of parking services for lease contracts for the year ended December 31, 2011 and 2010.