INTANGIBLES, Net

9 Months Ended

Sep. 30, 2012

INTANGIBLES, Net

INTANGIBLES, Net

7.INTANGIBLES, Net

Intangibles consist of the following at:

	September 30, 2012				December 31, 2011
Amortizing intangibles		$	1,061			$	1,059
Accumulated amortization	(541			)	(504			)
	520				555
Non-amortizing intangibles	52,331				47,841
		$	52,851			$	48,396

All amortizing intangibles have been assigned an estimated useful life and such intangibles are amortized on a straight-line basis over the number of years that approximate their respective useful lives ranging from one to 25 years (weighted-average life of 20 years).  Amortization expense was $0.01 million and $0.02 million for the three-months ended September 30, 2012 and 2011, respectively. Amortization expense was $0.04 million for both the nine-months ended September 30, 2012 and 2011.