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Goodwill And Other Intangible Assets
3 Months Ended
Mar. 31, 2012
Goodwill And Other Intangible Assets [Abstract]  
Goodwill And Other Intangible Assets

Note 7 — Goodwill and Other Intangible Assets

Goodwill associated with the Chemicals segment and the Teledrift division of the Drilling segment were $11.6 million and $15.3 million, respectively and did not fluctuate from December 31, 2011 values. The Company tests for impairment annually during the fourth quarter and in interim periods if circumstances are indicative of potential impairment. No such circumstances were perceived to exist during the three months ended March 31, 2012.

Other intangible assets acquired are amortized on a straight-line basis over two to 20 years. Amortization of intangible assets acquired totaled $0.8 million and $0.5 million during the first quarter of 2012 and 2011, respectively. Intangible assets decreased by $1.7 million period over period due to the write off of unamortized deferred financing costs associated with the senior secured debt extinguished on January 5, 2012 (see Note 8).