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Goodwill and Other Intangible Assets (Details) (USD $)
3 Months Ended 3 Months Ended 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Favorable Lease [Member]
Mar. 31, 2013
Favorable Charter [Member]
Mar. 31, 2013
UOS
Nov. 30, 2012
UOS
Mar. 31, 2013
UOS
Trade Names [Member]
Mar. 31, 2013
UOS
Customer Relationships [Member]
Mar. 31, 2013
UOS
Favorable Lease [Member]
Mar. 31, 2013
FSI
Aug. 06, 2012
FSI
Mar. 31, 2013
FSI
Trade Names [Member]
Mar. 31, 2013
FSI
Customer Relationships [Member]
Goodwill [Roll Forward]                          
Balance at 12/31/12 $ 2,700,000 [1]         $ 1,943,000 [2]         $ 828,000 [3]    
Additions 71,000 [1]       42,000         29,000      
Retirements/Disposals 0 [1]                        
Amortization 0 [1]                        
Balance at 3/31/13 2,771,000 [1]         1,943,000 [2]         828,000 [3]    
Total Indefinite Life Intangibles [Roll Forward]                          
Balance at 12/31/12 2,700,000                        
Additions 71,000                        
Retirements/Disposals 0                        
Amortization 0                        
Balance at 3/31/13 2,771,000                        
Finite-Lived Intangible Assets [Line Items]                          
Amortization Period     13 months 24 months     96 months 96 months       240 months 240 months
Total Definite Life Intangibles [Roll Forward]                          
Balance at 12/31/12 46,784,000   941,000 644,000     1,786,000 30,605,000 11,328,000     63,000 417,000
Additions 0   0 0     0 0 0     0 0
Retirements/Disposals 0   0 0     0 0 0     0 0
Amortization (1,873,000) (643,000) (200,000) (644,000)     (56,000) (966,000) 0     (1,000) (5,000)
Balance at 3/31/13 43,913,000   741,000 0     1,730,000 29,639,000 11,328,000     63,000 412,000
Total Intangibles [Roll Forward]                          
Balance at 12/31/12 48,484,000                        
Additions 71,000                        
Retirements/Disposals 0                        
Amortization (1,873,000) (643,000) (200,000) (644,000)     (56,000) (966,000) 0     (1,000) (5,000)
Balance at 3/31/13 $ 46,684,000                        
[1] The addition of $71,000 in goodwill is associated with post acquisition settlement adjustments on our 2012 acquistiions. FSI was increased by $29,000 and UOS was increased by $42,000.
[2] Goodwill is calculated as the excess of the consideration transferred over the net assets acquired and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. Our above-described goodwill will not be amortized nor do we expect it to be deductible for tax purposes. Specifically, the goodwill recorded as part of the acquisition of UOS includes the following: • the expected synergies and other benefits that we believe will result from combining the operations of UOS withour existing Jones Act operations. • any intangible assets that do not qualify for separate recognition, including an assembled workforce of theacquired company, and • the anticipated higher rate of return of UOS's existing businesses as going concerns compared to the anticipatedrate of return if we had acquired all of the net assets separately.
[3] Goodwill is calculated as the excess of the consideration transferred over the net assets acquired and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. Our above-described goodwill will not be amortized nor do we expect it to be deductible for tax purposes. Specifically, the goodwill recorded as part of the acquisition of the Acquired Companies includes the following: • the expected synergies and other benefits that we believe will result from combining the operations of UOS withour existing Jones Act operations. • any intangible assets that do not qualify for separate recognition, including an assembled workforce of theacquired company, and • the anticipated higher rate of return of UOS's existing businesses as going concerns compared to the anticipatedrate of return if we had acquired all of the net assets separately.