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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2012
Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the years ended December 31, 2012 and 2011 are as follows (in thousands):

 

     2012      2011  

Balance as of beginning of year

   $ 44,668       $ 28,354   

Goodwill acquired during the year

     11,061         16,482   

Currency translation effect on foreign goodwill balances

     595         (168
  

 

 

    

 

 

 

Balance as of end of year

   $ 56,324       $ 44,668   
  

 

 

    

 

 

 
Other Intangible Assets, Changes in Net Carrying Amount

For other intangible assets the changes in the net carrying amount for the years December 31, 2012 and 2011 were as follows (in thousands):

 

    For the Year Ended
December 31, 2012
    For the Year Ended
December 31, 2011
 
    Gross
Amount
    Accumulated
Amortization
    Gross
Amount
    Accumulated
Amortization
 

Other intangible assets, beginning

  $ 34,256      $ (1,206   $ 3,147      $ (188

Intangible assets acquired during the period

    20,369        —           31,106        —      

Amortization expense

    —           (2,787     —           (1,018

Foreign currency translation effect on balances

    282        (22     3        —      
 

 

 

   

 

 

   

 

 

   

 

 

 

Other intangible assets, ending

  $ 54,907      $ (4,015   $ 34,256      $ (1,206
 

 

 

   

 

 

   

 

 

   

 

 

 
Components of Other Intangible Assets

The components of other intangible assets were as follows (in thousands):

 

December 31, 2012

   Estimated Life
(Years)
   Gross Carrying
Amount
     Accumulated
Amortization
    Net  

Non-compete agreements

   5    $ 540       $ (77   $ 463   

Dealer/customer related

   7      14,702         (1,650     13,052   

Developed technology

   5-7      12,974         (2,288     10,686   
     

 

 

    

 

 

   

 

 

 

Total amortizable

        28,216         (4,015     24,201   
     

 

 

    

 

 

   

 

 

 

Non-amortizable—brand/trade names

        26,691               26,691   
     

 

 

    

 

 

   

 

 

 

Total other intangible assets, net

      $ 54,907       $ (4,015   $ 50,892   
     

 

 

    

 

 

   

 

 

 

December 31, 2011

   Estimated Life
(Years)
   Gross Carrying
Amount
     Accumulated
Amortization
    Net  

Non-compete agreements

   5    $ 240       $ (24   $ 216   

Dealer/customer related

   7      8,013         (366     7,647   

Developed technology

   7      8,625         (816     7,809   
     

 

 

    

 

 

   

 

 

 

Total amortizable

        16,878         (1,206     15,672   
     

 

 

    

 

 

   

 

 

 

Non-amortizable—brand/trade names

        17,378               17,378   
     

 

 

    

 

 

   

 

 

 

Total other intangible assets, net

      $ 34,256       $ (1,206   $ 33,050