GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2012

NOTE 9. GOODWILL AND INTANGIBLE ASSETS

Goodwill and intangible assets as of December 31, 2012, were the result of our acquisitions of Dynecol on May 31, 2012 and Stablex on October 31, 2010 (see Note 8). Prior to the acquisition of Stablex, the Company had no goodwill and intangible assets. All goodwill has been assigned to the Operating Disposal Facilities reporting segment. Changes in goodwill for the years ended December 31, 2012 and 2011 consisted of the following:

$s in thousands	2012		2011

Balance, beginning of year	$	21,200	$	21,790
Dynecol acquisition		1,327		—
Foreign currency translation		578		(590	)

Balance, end of year	$	23,105	$	21,200

Intangible assets as of December 31, 2012 and 2011 consisted of the following:

	2012							2011

$s in thousands	Cost		Accumulated Amortization			Net		Cost		Accumulated Amortization			Net
Amortizing intangible assets:
Developed software	$	352	$	(135	)	$	217	$	342	$	(71	)	$	271
Database		100		(31	)		69		98		(16	)		82
Customer relationships		5,269		(490	)		4,779		3,991		(232	)		3,759
Technology—Formulae and processes		9,144		(600	)		8,544		8,902		(315	)		8,587
Permits, licenses and lease		28,085		(1,844	)		26,241		27,340		(967	)		26,373
Non-compete agreements		20		(20	)		—		—		—			—

Total amortizing intangible assets		42,970		(3,120	)		39,850		40,673		(1,601	)		39,072
Nonamortizing intangible assets:
Permits and licenses		750		—			750		—		—			—
Tradename		171		—			171		166		—			166

Total intangible assets	$	43,891	$	(3,120	)	$	40,771	$	40,839	$	(1,601	)	$	39,238

Amortization expense of amortizing intangible assets was $1.5 million, $1.4 million and $231,000 for the years ended December 31, 2012, 2011 and 2010, respectively. Future amortization expense of amortizing intangible assets is expected to be approximately $1.5 million per year for each of the next five years.

- 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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