Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2012

Goodwill and Intangible Assets

Goodwill and Intangible Assets

5. Goodwill and Intangible Assets

Goodwill

There was no change in goodwill during the quarter ended June 30, 2012. Goodwill totaled $25.5 million as of June 30, 2012 and December 31, 2011, all of which related to our MME segment.

Intangible Assets

The following table sets forth the amounts recorded for intangible assets as of the periods presented (in thousands):

	Weighted
	Average
	Estimated	At June 30, 2012							At December 31, 2011
	Useful Lives	Gross			Accumulated		Net		Gross			Accumulated		Net
	(years)	Amount			Amortization		Amount		Amount			Amortization		Amount
Patent, trademarks & URLs	4	$	5,805	(1)	$	882	$	4,923	$	5,715	(1)	$	372	$	5,343
Customer relationships	6	10,600			7,319		3,281		10,600			6,431		4,169
Non-compete agreements	4	1,070			878		192		1,070			742		328
Total intangible assets		$	17,475		$	9,079	$	8,396	$	17,385		$	7,545	$	9,840

(1)Included in the gross amounts for “Patent, trademarks & URLs” at June 30, 2012 and December 31, 2011 are $2.9 million of trademarks with indefinite useful lives acquired in the SARCOM acquisition that are not amortized.

Amortization expense for intangible assets was approximately $0.8 million and $0.6 million for the three months ended June 30, 2012 and 2011, respectively, and approximately $1.5 million and $1.1 million for the six months ended June 30, 2012 and 2011, respectively. Estimated amortization expense for intangible assets in each of the next five years and thereafter is as follows: $1.3 million in the remainder of 2012; $1.9 million in 2013, $0.5 million in 2014, $0.5 million in 2015, $0.3 million in 2016 and $0.9 million thereafter.