Acquired Intangible Assets

12 Months Ended

Dec. 31, 2012

Intangible Asset Description [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Note 6
Acquired Intangible Assets

The Company accounts for intangible assets in accordance with FASB ASC 350, “Goodwill and Other Intangible Assets” (“ASC 350”), which requires that intangibles with indefinite useful lives be tested annually for impairment and those with finite useful lives be amortized over their useful lives.

In January 2012, the Company acquired the assets of Waste Reduction Consultants, Inc. (“WRC”), and recorded intangible assets of $3,183,000 for the customer list, $261,000 for two non-compete agreements and software of $234,000. Details of the Company’s intangible assets are as follows:

	December 31, 2012					December 31, 2011
	Gross Carrying		Accumulated			Gross Carrying		Accumulated
(In thousands)	Amount		Amortization			Amount		Amortization
Assets eligible for amortization:
Customer Lists	$	3,933	$	(1,015	)	$	750	$	(589	)
Non-compete agreements		261		(53	)		—		—
Software		234		(78	)		—		—
Other		500		(25	)		—		—
Unamortized intangible assets:
Goodwill1		11,817		(227	)		7,698		(227	)
Total intangible assets	$	16,745	$	(1,398	)	$	8,448	$	(816	)

¹ Amortization through December 31, 2001 prior to adoption of FASB ASC 350.

The customer lists are amortized over seven and ten years; the non-compete agreements over five years; software over three years and other intangible assets over fifteen years. Amortization of intangible assets amounted to $581,000, $107,000 and $107,000 for the years ended December 31, 2012, 2011 and 2010, respectively. Estimated future amortization of intangibles is as follows: $535,000 in 2013, $482,000 in 2014, $404,000 in 2015 and $404,000 in 2016 and $352,000 in 2017.