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Other Intangible Assets
12 Months Ended
Dec. 31, 2011
Other Intangible Assets [Abstract]  
Other Intangible Assets

Note 8—Other Intangible Assets

Other intangible assets are as follows (in thousands):

 

     December 31,  
     2011      2010  
     Basis      Accumulated
Amortization
     Basis      Accumulated
Amortization
 

Patents

     $ 4,532         $ 1,425         $ 4,521         $ 1,123   

Customer lists

     23,337         5,336         23,337         3,986   

Non-compete agreements

     402         348         402         268   

Brand names

     6,151         1,205         6,151         897   

Other

     922         733         275         275   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total intangible assets acquired

     35,344         9,047         34,686         6,549   

Deferred financing costs

     8,790         5,993         12,827         5,498   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total other intangible assets

     $ 44,134         $     15,040         $     47,513         $     12,047   
  

 

 

    

 

 

    

 

 

    

 

 

 

Carrying value:

           

Intangible assets, net

     $ 29,094            $ 35,466      
  

 

 

       

 

 

    

 

Other intangible assets acquired are amortized on a straight-line basis from two to 20 years. Intangible asset amortization expense of $2.1 million, $2.5 million and $2.5 million was recognized for the years ended December 31, 2011, 2010 and 2009, respectively. Amortization of deferred financing costs of $3.1 million, $4.0 million and $1.5 million was recognized for the years ended December 31, 2011, 2010 and 2009, respectively.

Estimated future amortization expense for other intangible assets, including deferred financing costs, at December 31, 2011 for the next five calendar years is as follows (in thousands):

 

Year ending December 31,

 

2012

  $ 4,484   

2013

    2,002   

2014

    1,942   

2015

    1,894   

2016

    1,888   

Thereafter

    16,884   
 

 

 

 

Other intangible assets, net

  $     29,094   
 

 

 

 

During 2010, the Company became aware of a vendor's noncompliance with an exclusivity and preferential pricing arrangement recorded as an intangible asset with remaining unamortized residual value of $0.4 million. Consequently, the Company, recognized an impairment loss of $0.4 million.

During 2011 and 2009 no impairment was recognized related to other intangible assets.