3. Intangible Assets,
Net
Intangible
assets, net are summarized as follows:
|
|
|
|
|
|
|
|
|
| |
|
June 30,
2013 |
|
|
December 31,
2012 |
|
| ($ in thousands) |
|
|
|
|
|
|
|
Definite-lived
intangible assets:
|
|
|
|
|
|
|
|
|
|
Investment
contracts
|
|
$ |
184,871 |
|
|
$ |
197,704 |
|
|
Accumulated
amortization
|
|
|
(170,681 |
) |
|
|
(181,409 |
) |
|
|
|
|
|
|
|
|
|
|
Definite-lived intangible
assets, net
|
|
|
14,190 |
|
|
|
16,295 |
|
|
Indefinite-lived
intangible assets
|
|
|
32,416 |
|
|
|
32,416 |
|
|
|
|
|
|
|
|
|
|
|
Total intangible assets,
net
|
|
$ |
46,606 |
|
|
$ |
48,711 |
|
|
|
|
|
|
|
|
|
|
Activity in
intangible assets, net is as follows:
|
|
|
|
|
|
|
|
|
| |
|
Six Months Ended June 30, |
|
| |
|
2013 |
|
|
2012 |
|
| ($ in thousands) |
|
|
|
|
|
|
|
Intangible assets,
net
|
|
|
|
|
|
|
|
|
|
Balance, beginning of
period
|
|
$ |
48,711 |
|
|
$ |
52,096 |
|
|
Amortization
|
|
|
(2,105 |
) |
|
|
(1,909 |
) |
|
|
|
|
|
|
|
|
|
|
Balance, end of
period
|
|
$ |
46,606 |
|
|
$ |
50,187 |
|
|
|
|
|
|
|
|
|
|
|