Other Intangible Assets, net

12 Months Ended

Dec. 31, 2012

Other Intangible Assets, net

NOTE 12 Other Intangible Assets, net

In 2012, TSYS allocated $76.6 million to other intangible assets due to the acquisitions of ProPay and CPAY. In 2011, TSYS allocated approximately $11.7 million to other intangible due to the acquisition of TermNet. Refer to Note 24 for more information on acquisitions.

Significant components of other intangible assets at December 31 are summarized as follows:

	2012
(in thousands)	Gross		Accumulated Amortization			Net
Customer relationships	$	167,641		(49,822	)	$	117,819
Trade association		10,000		(2,750	)		7,250
Trade name		2,537		(1,504	)		1,033
Channel relationships		1,600		(266	)		1,334
Covenants-not-to-compete		3,440		(822	)		2,618
Total	$	185,218		(55,164	)	$	130,054

	2011
(in thousands)	Gross		Accumulated Amortization			Net
Customer relationships	$	106,312		(34,899	)	$	71,413
Trade association		10,000		(1,750	)		8,250
Trade name		2,024		(2,024	)		—
Channel relationships		1,600		(107	)		1,493
Covenants-not-to-compete		1,140		(1,046	)		94
Total	$	121,076		(39,826	)	$	81,250

Amortization related to other intangible assets, which is recorded in selling, general and administrative expenses, was $16.6 million, $13.2 million and $11.2 million for 2012, 2011 and 2010, respectively.

The weighted average useful life for each component of other intangible assets, and in total, at December 31, 2012 is as follows:

	Weighted Average Amortization Period (Yrs)
Customer relationships		8.2
Trade association		10.0
Trade name		2.7
Channel relationships		10.0
Covenants-not-to-compete		2.9
Total		8.1

Estimated future amortization expense on other intangible assets as of December 31, 2012 for the next five years is:

(in thousands)
2013	$	21,885
2014		21,445
2015		19,669
2016		19,111
2017		18,721