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GOODWILL AND INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2011
Goodwill and Intangible Assets  
Changes in goodwill, net

 

June 30,
2011

 

December 31,
2010

 

 

 

 

Balance at beginning of period

   $ 5,101,938

 

   $ 5,083,944

Goodwill acquired during the year

         698,257

 

                    -

Other purchase accounting adjustments

                    -

 

               246

Increase related to foreign currency translation

          16,774

 

          17,748

Balance at end of period

   $ 5,816,969

 

   $ 5,101,938

Intangible Assets Excluding Goodwill

 

Weighted Average Amortization Period

 

 

 

 

 

 

June 30, 2011

 

December 31, 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortizing intangible assets:

 

Cost

 

Accumulated Amortization

 

Net

 

Cost

 

Accumulated Amortization

 

Net

Customer-related
intangibles

19 years

 

   $   633,733

 

   $   (177,693)

 

   $   456,040

 

   $   603,203

 

   $   (161,345)

 

   $   441,858

Non-compete agreements

4 years

 

           91,897

 

           (55,387)

 

           36,510

 

           54,886

 

           (52,134)

 

2,752

Technology

14 years

 

        168,575

 

          (22,005)

 

        146,570

 

          51,830

 

          (16,796)

 

          35,034

Other

8 years

 

        146,331

 

           (14,237)

 

        132,094

 

           24,065

 

             (9,380)

 

           14,685

Total

16 years

 

     1,040,536

 

        (269,322)

 

        771,214

 

        733,984

 

         (239,655)

 

494,329

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

In-process research and development

 

             5,500

 

                        -

 

             5,500

 

                      -

 

                        -

 

                      -

Tradenames

 

        305,457

 

                        -

 

        305,457

 

        302,076

 

                        -

 

        302,076

 

 

 

 

 

 

 

 

 

 

 

 

 

Total intangible assets

 

   $   1,351,493

 

   $   (269,322)

 

   $   1,082,171

 

   $   1,036,060

 

   $   (239,655)

 

   $   796,405

Future Amortization Expense Intangible Assets

Fiscal Year Ending December 31,

 

Remainder of 2011

      $      38,451

2012

              77,424

2013

              75,530

2014

              73,789

2015

              63,328

2016

              56,629

Thereafter

            386,063


Total

      $    771,214