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Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]

10. Goodwill and Intangible Assets

 

Goodwill

 

The change in the carrying amount of goodwill for the year is as follows:

 

    December 31  
    2012     2011  
             
Beginning balance   $ 61,525     $ 57,556  
Goodwill acquired or adjusted during the year     -       3,969  
Ending balance   $ 61,525     $ 61,525  

 

Acquired Intangible Assets

 

Activity in intangibles for the years ended December 31, 2012, 2011 and 2010 was as follows:

 

    Gross              
    Carrying     Accumulated     Net  
    Amount     Amortization     Value  
    (In Thousands)  
Balance as of January 1, 2010   $ 12,102     $ (5,214 )   $ 6,888  
Intangible assets acquired     735       -       735  
Amortization of intangible assets     -       (1,495 )     (1,495 )
Balance as of December 31, 2010     12,837       (6,709 )     6,128  
Intangible assets acquired     1,465       -       1,465  
Amortization of intangible assets     -       (1,442 )     (1,442 )
Balance as of December 31, 2011     14,302       (8,151 )     6,151  
Amortization of intangible assets     -       (1,413 )     (1,413 )
Balance as of December 31, 2012   $ 14,302     $ (9,564 )   $ 4,738  

 

Aggregate amortization expense was $1,413,000, $1,442,000 and $1,495,000 for 2012, 2011 and 2010 respectively.

 

Estimated amortization expense for each of the next five years and thereafter (in thousands) is as follows:

 

2013   $ 1,242  
2014     1,102  
2015     687  
2016     501  
2017     372  
Thereafter     834  
Total   $ 4,738