INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2011

INTANGIBLE ASSETS

INTANGIBLE ASSETS

3. INTANGIBLE ASSETS

        Intangible assets on the Company's consolidated balance sheets consist of the following (in thousands):

	December 31, 2011							December 31, 2010
	Gross Amount		Accumulated amortization			Net Book Value		Gross Amount		Accumulated amortization			Net Book Value		Estimated Life
Customer lists	$	4,315	$	(2,960	)	$	1,355	$	4,371	$	(2,716	)	$	1,655	8 - 10 years
Trade name		946		(804	)		142		946		(687	)		259	10 years
Design and technologies		2,575		(1,160	)		1,415		2,633		(867	)		1,766	8 - 10 years
Patents		24		0			24		24		0			24
Total	$	7,860	$	(4,924	)	$	2,936	$	7,974	$	(4,270	)	$	3,704

        Total amortization expense for intangible assets for the years 2011 and 2010 was $732,000 and $551,000 respectively. Estimated amortization expense for intangible assets is $587,000 for the year ending December 31, 2012, $354,000 for 2013, $326,000 for 2014, $311,000 for 2015, $311,000 for 2016, and $1,047,000 for years thereafter.