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Other Intangible Assets
6 Months Ended
Jun. 30, 2011
Other Intangible Assets  
Other Intangible Assets

Note 7 — Other Intangible Assets

Other intangible assets include (in thousands):

 

     June 30, 2011      December 31, 2010  
     Carrying
Value
     Accumulated
Amortization
     Carrying
Value
     Accumulated
Amortization
 

Patents

   $ 6,330       $ 3,088       $ 6,330       $ 2,932   

Customer lists

     28,545         9,868         28,544         9,193   

Non-compete agreements

     1,715         1,621         1,715         1,581   

Brand names

     6,199         1,099         6,199         945   

Other

     616         396         396         396   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total intangible assets acquired

     43,405         16,072         43,184         15,047   

Deferred financing costs

     8,369         4,852         12,827         5,498   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total other intangible assets

   $ 51,774       $ 20,924       $ 56,011       $ 20,545   
  

 

 

    

 

 

    

 

 

    

 

 

 

Other intangible assets, net

   $ 30,850          $ 35,466      
  

 

 

       

 

 

    

Intangible assets are amortized on a straight-line basis over two to 20 years. Amortization of intangible assets acquired totaled $0.5 million and $0.6 million during the second quarter of 2011 and 2010, respectively and $1.0 million and $1.2 million for the June 30, 2011 and 2010 year to date periods, respectively. Recurring amortization of deferred financing costs totaled $1.0 million for both three months ended June 30, 2011 and 2010 and totaled $2.0 million and $1.5 million for the six months ended June 30, 2011 and 2010, respectively. A $4.5 million reduction in deferred financing cost carrying value at June 30, 2011, as compared to December 31, 2010 was primarily attributable to repayment of the Company's outstanding term loan during the second quarter of 2011. See Note 8 – Convertible Notes and Long-Term Debt.