Goodwill, Other Intangible Assets, And Deferred Charges

9 Months Ended

Sep. 30, 2014

Goodwill, Other Intangible Assets, And Deferred Charges [Abstract]

Goodwill, Other Intangible Assets, And Deferred Charges

Note 6. Goodwill, Other Intangible Assets, and Deferred Charges

Amortization expense for intangible assets was approximately $1.0 million and $1.5 million for the three months ended September 30, 2014 and 2013, respectively. Amortization expense for deferred charges was approximately $5.7 million and $3.3 million for the three months ended September 30, 2014 and 2013, respectively. The following table presents the rollforward of goodwill, other intangible assets, and deferred charges for the three months ended September 30, 2014:


(All Amounts in Thousands)
	Amortization Period	Balance at June 30, 2014		Additions		Amortization		Non-Cash Additions		Balance at September 30, 2014
Indefinite Life Intangibles
Goodwill	n/a	$	2,735	$	-	$	-	$	-	$	2,735

Total Indefinite Life Intangibles		$	2,735	$	-	$	-	$	-	$	2,735

Definite Life Intangibles
Trade names - FSI	240 months	$	58	$	-	$	-	$	-	$	58
Trade names - UOS	96 months		1,449		-		(57)		-		1,392
Customer Relationships - FSI	240 months		386		-		(6)		-		380
Customer Relationships - UOS	96 months		24,805		-		(966)		-		23,839

Total Definite Life Intangibles		$	26,698	$	-	$	(1,029)	$	-	$	25,669

Deferred Charges
Drydocking Costs	various	$	22,284	$	2,940	$	(5,154)	$	2,520	$	22,590
Financing Charges and Other	various		2,991		619		(563)		347		3,394

Total Deferred Charges		$	25,275	$	3,559	$	(5,717)	$	2,867	$	25,984

Amortization expense for intangible assets was approximately $3.1 million and $4.6 million for the nine months ended September 30, 2014 and 2013, respectively. Amortization expense for deferred charges was approximately $14.6 million and $7.5 million for the nine months ended September 30, 2014 and 2013, respectively. The following table presents the rollforward of goodwill, other intangible assets, and deferred charges for the nine months ended September 30, 2014:


(All Amounts in Thousands)
	Amortization Period	Balance at December 31, 2013		Additions		Amortization		Non-Cash Additions		Balance at September 30, 2014
Indefinite Life Intangibles
Goodwill	n/a	$	2,735	$	-	$	-	$	-	$	2,735

Total Indefinite Life Intangibles		$	2,735	$	-	$	-	$	-	$	2,735

Definite Life Intangibles
Trade names - FSI	240 months	$	60	$	-	$	(2)	$	-	$	58
Trade names - UOS	96 months		1,561		-		(169)		-		1,392
Customer Relationships - FSI	240 months		396		-		(16)		-		380
Customer Relationships - UOS	96 months		26,739		-		(2,900)		-		23,839

Total Definite Life Intangibles		$	28,756	$	-	$	(3,087)	$	-	$	25,669

Deferred Charges
Drydocking Costs	various	$	26,428	$	7,038	$	(13,745)	$	2,869	$	22,590
Financing Charges and Other	various		2,881		1,034		(868)		347		3,394

Total Deferred Charges		$	29,309	$	8,072	$	(14,613)	$	3,216	$	25,984

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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