Goodwill And Other Intangible Assets

9 Months Ended

Sep. 30, 2011

Goodwill And Other Intangible Assets [Abstract]

Goodwill And Other Intangible Assets

9.  Goodwill and Other Intangible Assets

        The Company's intangible assets consist of goodwill, patents, trademarks, and other intangible assets, as discussed further below.  These assets include goodwill, acquired technology, customer lists, and other intangible assets from the acquisition of Cardiogenesis, as discussed in Note 5 above, and PerClot distribution and manufacturing rights acquired from SMI as discussed in Note 6 above. 

Indefinite Lived Intangible Assets

        The carrying values of the Company's indefinite lived intangible assets are as follows (in thousands):

	September 30,		December 31,
	2011		2010
Goodwill	$	4,597	$	--
Procurement contracts and agreements		2,013		2,013
Trademarks		805		790
Other		250		--

Based on its experience with similar agreements, the Company believes that its acquired contracts and procurement agreements have an indefinite useful life, as the Company expects to continue to renew these contracts for the foreseeable future. Accordingly, the Company's indefinite lived intangible assets do not amortize, but are instead subject to periodic impairment testing.

Definite Lived Intangible Assets

The Company generally amortizes its definite lived intangible assets over their expected useful lives using the straight-line method.  The gross carrying values, accumulated amortization, and approximate amortization periods of the Company's definite lived intangible assets are as follows (in thousands):

	Gross Carrying		Accumulated		Amortization
September 30, 2011	Value		Amortization		Period
Acquired technology	$	9,230	$	315	11 Years
Patents		5,749		2,776	17 Years
Distribution and manufacturing rights and know-how		3,559		171	15 Years
Customer lists		2,370		68	13 Years
Non-compete agreement		381		181	10 Years
Other		114		36	2-3 Years

	Gross Carrying		Accumulated		Amortization
December 31, 2010	Value		Amortization		Period
Patents	$	5,885	$	2,603	17 Years
Distribution and manufacturing right		2,559		43	15 Years
Non-compete agreements		381		152	10 Years
Customer list		64		11	3 Years

Amortization Expense

                The following is a summary of amortization expense (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2011		2010		2011		2010
Amortization expense	$	436	$	132	$	917	$	395

September 30, 2011 scheduled amortization of intangible assets for the next five years is as follows (in thousands):

	Remainder of
	2011		2012		2013		2014		2015		2016
Amortization expense	$	453	$	1,801	$	1,696	$	1,598	$	1,570	$	1,558