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Other Intangible Assets
6 Months Ended
Jun. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets
Other Intangible Assets
Other intangible assets are as follows (in thousands):
 
 
June 30, 2013
 
December 31, 2012
 
 
Cost
 
Accumulated Amortization
 
Cost
 
Accumulated Amortization
Finite lived intangible assets:
 

 

 

 

Patents and technology
 
$
18,403

 
$
1,957

 
$
4,314

 
$
1,654

Customer Lists
 
52,607

 
7,606

 
23,337

 
6,688

Non-compete agreements
 
402

 
402

 
402

 
402

Trademarks and brand names
 
7,191

 
1,725

 
6,151

 
1,513

Other
 
915

 
838

 
915

 
801

Total finite lived intangible assets acquired
 
79,518

 
12,528

 
35,119

 
11,058

Deferred financing costs
 
2,308

 
1,214

 
1,290

 
1,185

Total amortizable intangible assets
 
81,826

 
$
13,742

 
36,409

 
$
12,243

Indefinite lived intangible assets:
 

 
 
 

 
 
Trademarks and brand names
 
11,630

 
 
 

 
 
Total other intangibles assets
 
$
93,456

 
 
 
$
36,409

 
 
 
 
 
 
 
 
 
 
 
Carrying value:
 
 
 
 
 
 
 
 
Other intangible assets, net
 
$
79,714

 
 
 
$
24,166

 
 

With the acquisition of Florida Chemical on May 10, 2013, the Company recorded increases in finite lived intangible assets of $14.1 million in patents and technology, $29.3 million in customer lists and $1.0 million in trademarks and brand names. In addition, the Company recorded $11.6 million in indefinite lived trademarks and brand names. These acquired intangible assets are recorded at fair value as of the date of acquisition.
The Company recorded an increase in deferred financing costs of $1.0 million during the six months ended June 30, 2013.
Finite lived intangible assets acquired are amortized on a straight-line basis over two to 20 years. Amortization of finite lived intangible assets totaled $1.0 million and $0.5 million for the three months ended June 30, 2013 and 2012, respectively, and $1.5 million and $1.1 million for the six months ended June 30, 2013 and 2012, respectively.
Amortization of deferred financing costs was less than $0.1 million for the three and six months ended June 30, 2013. Amortization of deferred financing costs was $0.2 million and $0.5 million for the three months and six months ended June 30, 2012, respectively.