Intangible Assets and Goodwill

3 Months Ended

Mar. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets

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



	March 31, 2012							December 31, 2011
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	412,020	$	(247,106	)	$	164,914	$	409,489	$	(237,536	)	$	171,953
Supplier relationships	29,000		(19,938		)	9,062		29,000		(19,213		)	9,787
Software & technology	171,519		(147,071		)	24,448		170,286		(143,456		)	26,830
Trademarks & trade names	34,299		(30,953		)	3,346		33,908		(30,076		)	3,832
Non-compete agreements	7,596		(7,475		)	121		7,564		(7,363		)	201
Total intangible assets	$	654,434	$	(452,543	)	$	201,891	$	650,247	$	(437,644	)	$	212,603

Amortization expense for intangible assets was $12 million and $15 million for the three months ended March 31, 2012 and 2011, respectively. The future amortization expense for intangible assets as of March 31, 2012 was as follows:



	Amount
Remaining for year ended December 31, 2012	$	32,188
Year ended December 31, 2013	39,022
Year ended December 31, 2014	34,996
Year ended December 31, 2015	31,062
Year ended December 31, 2016	22,875
Thereafter	41,748
Total	$	201,891

Actual amortization expense may differ from the amounts above due to, among other things, fluctuations in foreign currency exchange rates, impairments, future acquisitions and accelerated amortization.

Goodwill

The changes in the carrying amount of goodwill, by reporting segment, for the three months ended March 31, 2012 were as follows:



	December 31, 2011		Other (1)		March 31, 2012
North America Mailing	$	352,897	$	4,266	$	357,163
International Mailing	176,285		5,816		182,101
Small & Medium Business Solutions	529,182		10,082		539,264
Production Mail	140,371		1,434		141,805
Software	667,124		2,942		670,066
Management Services	402,723		1,143		403,866
Mail Services	213,455		—		213,455
Marketing Services	194,233		—		194,233
Enterprise Business Solutions	1,617,906		5,519		1,623,425
Total	$	2,147,088	$	15,601	$	2,162,689


(1)	Primarily foreign currency translation adjustments.

- 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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