Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2012

Goodwill and Other Intangible Assets [Abstract]

Schedule of goodwill acquired

During 2012, after the completion of the purchase price allocation, the goodwill will be allocated to the current reportable segments.

Balance at January 1, 2012	$	24,005
Translation differences		505
Balance at September 30, 2012	$	24,510

Schedule of other definite-lived intangible assets

Set forth below is a detailed listing of other definite-lived intangible assets:

	September 30, 2012									December 31, 2011
	(unaudited)
	Trademarks			Customer Relationships			Total			Trademarks			Customer Relationships			Total
Gross Amount beginning of period	$	5,700		$	6,300		$	12,000		$	5,700		$	6,300		$	12,000
Translation differences		46			73			119			-			-			-
Gross Amount end of period		5,746			6,373			12,119			5,700			6,300			12,000
Accumulated amortization		(455	)		(504	)		(959	)		(24	)		(26	)		(50	)
Net Book Value	$	5,291		$	5,869		$	11,160		$	5,676		$	6,274		$	11,950

Schedule of estimated amortization expense for amortizable intangible assets

Estimated amortization expense for the above amortizable intangible assets for the next five years is as follows:

Last three months of 2012	$	300
2013		1,200
2014		1,200
2015		1,200
2016		1,200
Thereafter		6,060
Total	$	11,160