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Other Intangibles
6 Months Ended
Jun. 30, 2013
Other Intangibles  
Other Intangibles

(7) Other Intangibles

 

Acquired other intangible assets consisted of the following at June 30, 2013 and December 31, 2012 (dollars in thousands):

 

 

 

June 30, 2013

 

December 31, 2012

 

 

 

 

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

Useful Lives
(Years)

 

Trade names

 

$

8,400

 

$

 

$

10,400

 

$

2,000

 

 

Customer-related intangibles

 

27,851

 

7,816

 

27,851

 

6,712

 

13.1

 

Proprietary software

 

21,501

 

17,113

 

21,501

 

16,106

 

6.4

 

Trading rights

 

243

 

 

243

 

 

 

Other

 

50

 

 

50

 

 

 

Total

 

$

58,045

 

$

24,929

 

$

60,045

 

$

24,818

 

 

 

 

At June 30, 2013, indefinite-lived intangibles not subject to amortization amounted to $8.7 million, of which $8.4 million related to the POSIT trade name.

 

Amortization expense of other intangibles was $1.0 million and $2.1 million for the three months and six months ended June 30, 2013, respectively, compared with $1.2 million and $2.4 million in the respective prior year periods. These amounts are included in other general and administrative expense in the Condensed Consolidated Statements of Operations.

 

During the six months ended June 30, 2013, no other intangibles were deemed impaired, and accordingly, no adjustment was required.