Intangible Assets

12 Months Ended

Mar. 31, 2012

Intangible Assets

Intangible Assets

Note 8 - Intangible Assets

Intangible assets consist of the following:

		March 31, 2012				March 31, 2011
		Gross Carrying		Accumulated		Gross Carrying		Accumulated
	Useful Lives	Amount		Amortization		Amount		Amortization
		(in thousands)
Supply and storage agreements	8 years	$	2,810	$	1,545	$	1,802	$	400
Customer relationships	7-20 years	131,670		3,868		4,203		354
Debt issuance costs	4 years	7,310		1,842		4,928		565
Non-compete agreements	2-6 years	2,113		919		1,550		239
Trade names	Indefinite	7,830		—		830		—
Total		$	151,733	$	8,174	$	13,313	$	1,558

Amortization expense was as follows for the indicated periods:

	NGL Energy Partners LP				NGL Supply
	Year		Six Months		Six Months		Year
	Ended		Ended		Ended		Ended
	March 31,		March 31,		September 30,		March 31,
Recorded in	2012		2011		2010		2010
	(in thousands)
Depreciation and amortization	$	4,538	$	593	$	391	$	795
Interest expense	1,277		565		36		87
Cost of sales - wholesale supply and marketing	800		400		400		800
	$	6,615	$	1,558	$	827	$	1,682

Future amortization expense of our intangible assets is estimated to be as follows:

Year Ending March 31,	In Thousands
2013	$	11,665
2014	10,454
2015	10,344
2016	9,848
2017	8,624
Thereafter	84,794
	$	135,729