Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

There were no changes in the carrying amount of goodwill for the nine months ended September 30, 2012. Goodwill is reviewed for impairment on an annual basis and more frequently if potential impairment indicators exist. No impairment indications were identified during any of the periods presented.

The following table presents the components of other intangible assets as of September 30, 2012 and December 31, 2011.



	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Useful Lives
	(Amounts in thousands)							(in years)
As of September 30, 2012:
Customer relationships	$	51,755	$	(18,358	)	$	33,397	11
Trade names	15,400		(2,406		)	12,994		24
Software	550		(550		)	0		2
Technology	4,300		(1,612		)	2,688		10
Favorable leases	1,725		(1,699		)	26		3
Total intangible assets, net	$	73,730	$	(24,625	)	$	49,105
As of December 31, 2011:
Customer relationships	$	51,755	$	(14,676	)	$	37,079	11
Trade names	15,400		(1,925		)	13,475		24
Software	550		(550		)	0		2
Technology	4,300		(1,290		)	3,010		10
Favorable leases	1,725		(1,540		)	185		3
Total intangible assets, net	$	73,730	$	(19,981	)	$	53,749

Intangible assets are amortized on a straight-line basis over their useful lives. Intangible assets amortization expense was $1.5 million and $1.6 million for the three months ended September 30, 2012 and 2011, respectively, and $4.6 million and $4.8 million for the nine months ended September 30, 2012 and 2011, respectively. The following table presents the estimated future amortization expense related to intangible assets as of September 30, 2012:



Year Ending	Amortization Expense
	(Amounts in thousands)
Remainder of 2012	$	1,516
2013	5,986
2014	5,980
2015	5,980
2016	5,980
Thereafter	23,663
Total	$	49,105

- 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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