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Intangible Assets
9 Months Ended
Sep. 30, 2011
Intangible Assets 
Intangible Assets

 

8.              Intangible Assets

 

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

 

 

 

September 30,
2011

 

December 31,
2010

 

Estimated
Life

 

Amortizable intangible assets

 

 

 

 

 

 

 

Customer lists

 

$

4,434

 

$

4,371

 

8-10 years

 

Trade name

 

946

 

946

 

10 years

 

Design and technologies

 

2,698

 

2,633

 

8-10 years

 

Patents

 

24

 

24

 

 

 

Accumulated amortization

 

(4,849

)

(4,270

)

 

 

Total intangible assets

 

$

3,253

 

$

3,704

 

 

 

 

Amortization expense for intangible assets was $185,000 and $121,000 for the quarters ended September 30, 2011 and 2010, respectively, and $552,000 and $446,000 for the nine months ended September 30, 2011 and 2010, respectively.