Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2011

Goodwill and Other Intangible Assets [Abstract]

3. Goodwill and Other Intangible Assets

Goodwill

The following table presents the changes in the carrying amount of our goodwill for the six months ended June 30, 2011 (in thousands):


	Animal					Medical
	Hospital			Laboratory		Technology			Total
Balance as of December 31, 2010	$	965,999		$	96,818	$	29,663		$	1,092,480
Goodwill acquired		10,346			6		—			10,352
Other⁽¹⁾		(1,862	)		22		(134	)		(1,974	)

Balance as of June 30, 2011	$	974,483		$	96,846	$	29,529		$	1,100,858


⁽¹⁾		Other includes acquisition-price adjustments which consist primarily of an adjustment related to deferred taxes, buy-outs and foreign currency translation adjustments.

We had no accumulated impairment losses as of June 30, 2011.

Other Intangible Assets

Our amortizable intangible assets at June 30, 2011 and December 31, 2010 are as follows (in thousands):


	As of June 30, 2011							As of December 31, 2010
	Gross					Net		Gross					Net
	Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
	Amount		Amortization			Amount		Amount		Amortization			Amount
Noncontractual customer relationships	$	48,319	$	(15,791	)	$	32,528	$	48,686	$	(14,188	)	$	34,498
Covenants not-to-compete		13,285		(7,961	)		5,324		14,459		(8,311	)		6,148
Favorable lease asset		5,486		(2,940	)		2,546		5,486		(2,672	)		2,814
Trademarks		3,716		(1,227	)		2,489		3,749		(986	)		2,763
Technology		2,189		(1,514	)		675		2,189		(1,447	)		742
Client lists		84		(21	)		63		35		(14	)		21

Total	$	73,079	$	(29,454	)	$	43,625	$	74,604	$	(27,618	)	$	46,986

The following table summarizes our aggregate amortization expense related to other intangible assets (in thousands):


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
Aggregate amortization expense	$	2,604	$	2,187	$	5,259	$	4,341

The estimated amortization expense related to intangible assets for the remainder of 2011 and each of the succeeding years thereafter as of June 30, 2011 is as follows (in thousands):


Remainder of 2011	$	5,322
2012		9,901
2013		7,669
2014		5,411
2015		3,560
Thereafter		11,762

Total	$	43,625

- 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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