GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2012

Goodwill And Intangible Assets [Abstract]

Goodwill And Intangible Assets

NOTE 4. GOODWILL AND INTANGIBLE ASSETS

Goodwill

At March 31, 2012 and December 31, 2011, the Company's goodwill totaled $211.8 million.  The Company's annual goodwill impairment test is conducted at November 30 of each calendar year and interim evaluations are performed when the Company determines that a triggering event has occurred that would more likely than not reduce the fair value of its goodwill below its carrying value.  During the first quarter of 2012, due to a decline in the market price of the Company's stock, the market capitalization of the Company was below the carrying value, which we considered a triggering event and therefore performed an interim impairment test.

We have updated our annual impairment and year-end analysis as of March 31, 2012.  This analysis followed the same methodology and weightings of the Company's annual impairment evaluation including application of a control premium, which is more fully described in our Annual Report on Form 10-K for the 2011 fiscal year.  The Company's quoted market price is the primary driver in the valuation testing since quoted market prices in active markets provide the best evidence of fair value.

Based on the analysis performed, management determined that the Company's fair value exceeded the carrying value of its equity as of March 31, 2012 resulting in the Company passing the first step of the impairment test.  Accordingly, the second step of the impairment testing was not required, and no impairment charges were recorded.

Intangible Assets

Components of the Company's identifiable intangible assets are as follows:

	Weighted average amortization life (years)		Cost		Accumulated Amortization			Net
Balance at March 31, 2012:
Customer relationships		8.3	$	14,600	$	(1,842	)	$	12,758
Contractual backlog		6.5		6,700		(2,198	)		4,502
Customer contracts		5.4		3,500		(3,354	)		146
Trade name		1.5		600		(296	)		304
Total		7.3	$	25,400	$	(7,690	)	$	17,710

	Weighted average amortization life (years)		Cost		Accumulated Amortization			Net
Balance at December 31, 2011:
Customer relationships		8.3	$	14,600	$	(1,214	)	$	13,386
Contractual backlog		6.5		6,700		(1,943	)		4,757
Customer contracts		5.4		3,500		(3,307	)		193
Non-competition agreements		3.0		1,400		(1,400	)		-
Trade name		1.5		600		(195	)		405
Total		7.0	$	26,800	$	(8,059	)	$	18,741

During the first quarter of 2012, the Company wrote-off $1.4 million of fully amortized intangible assets related to the non-compete agreements acquired in the Kadix acquisition.  The Company recorded amortization expense for its identifiable intangible assets of $1.0 million and $0.4 million for the three months ended March 31, 2012 and 2011, respectively.  At March 31, 2012, estimated future amortization expense for the identifiable intangible assets to be recorded in subsequent fiscal years was as follows:

Year ending December 31:
Remainder of 2012	$	3,093
2013	$	3,722
2014	$	3,663
2015	$	2,887
2016	$	2,139
2017 and thereafter	$	2,206