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Intangible Assets
9 Months Ended
Sep. 30, 2012
Intangible Assets  
Intangible Assets

7.              Intangible Assets

 

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

 

 

 

September 30,
2012

 

December 31,
2011

 

Estimated
Life

 

Amortizable intangible assets

 

 

 

 

 

 

 

Customer lists

 

$

4,298

 

$

4,315

 

8-10 years

 

Trade name

 

946

 

946

 

10 years

 

Design and technologies

 

2,558

 

2,575

 

8-10 years

 

Patents

 

24

 

24

 

 

 

Accumulated amortization

 

(5,376

)

(4,924

)

 

 

Total intangible assets

 

$

2,450

 

$

2,936

 

 

 

 

Amortization expense for intangible assets was $126,000 and $185,000 for the quarters ended September 30, 2012 and 2011, respectively, and $466,000 and $552,000 for the nine months ended September 30, 2012 and 2011, respectively.