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Goodwill, Intangible Assets and In-Process Revenue Contracts (Tables)
12 Months Ended
Dec. 31, 2012
Carrying Amount of Goodwill for Company's Reportable Segment

The carrying amount of goodwill for the years ended December 31, 2012 and 2011, for the Company’s reportable segments are as follows:

 

     Shuttle Tanker
and FSO Segment
$
     Liquefied  Gas
Segment

$
     Conventional
Tanker Segment
$
    Total
$
 

Balance as of December 31, 2010

     130,908        35,631        36,652       203,191  

Goodwill impairment

     —          —          (36,652     (36,652
  

 

 

    

 

 

    

 

 

   

 

 

 

Balance as of December 31, 2011 and 2012

     130,908        35,631        —         166,539  
  

 

 

    

 

 

    

 

 

   

 

 

 
Summary of Intangible Assets

As at December 31, 2012, the Company’s intangible assets consisted of:

 

     Weighted-Average
Amortization
Period

(Years)
     Gross  Carrying
Amount

$
     Accumulated
Amortization
$
    Net  Carrying
Amount

$
 

Customer contracts

     13.7        316,684        (191,587     125,097  

Other intangible assets

     0.9        1,280        (241     1,039  
  

 

 

    

 

 

    

 

 

   

 

 

 
     13.6        317,964        (191,828     126,136  
  

 

 

    

 

 

    

 

 

   

 

 

 

As at December 31, 2011 the Company’s intangible assets consisted of:

 

     Weighted-Average
Amortization
Period

(Years)
     Gross
Carrying
Amount

$
     Accumulated
Amortization
$
    Net  Carrying
Amount

$
 

Customer contracts

     15.6        329,815        (194,266     135,549  

Other intangible assets

     4.5        11,430        (10,237     1,193  
  

 

 

    

 

 

    

 

 

   

 

 

 
     15.2        341,245        (204,503     136,742