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Other Intangibles
9 Months Ended
Sep. 30, 2013
Other Intangibles  
Other Intangibles

(7) Other Intangibles

 

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

 

 

 

September 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

 

8,369

 

27,851

 

6,712

 

13.1

 

Proprietary software

 

21,501

 

17,517

 

21,501

 

16,106

 

6.4

 

Trading rights

 

243

 

 

243

 

 

 

Other

 

50

 

 

50

 

 

 

Total

 

$

58,045

 

$

25,886

 

$

60,045

 

$

24,818

 

 

 

 

At September 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 $3.1 million for the three months and nine months ended September 30, 2013, respectively, compared with $1.3 million and $3.7 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 nine months ended September 30, 2013, no other intangibles were deemed impaired, and accordingly, no adjustment was required.