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

7. Intangible Assets

The following table reflects the components of intangible assets being amortized as of:

 

     March 31, 2012      December 31, 2011  
     Gross
Carrying
Amount
     Accumulated
Amortization
     Carrying
Value
     Gross
Carrying
Amount
     Accumulated
Amortization
     Carrying
Value
 

Refinery services customer relationships

   $ 94,654       $ 63,875       $ 30,779       $ 94,654       $ 62,111       $ 32,543   

Supply and logistics customer relationships

     35,430         24,289         11,141         35,430         23,584         11,846   

Refinery services supplier relationships

     36,469         34,696         1,773         36,469         34,105         2,364   

Refinery services licensing agreements

     38,678         20,330         18,348         38,678         19,476         19,202   

Supply and logistics trade names

     18,888         18,053         835         18,888         17,048         1,840   

Intangibles associated with supply and logistics lease

     13,260         2,210         11,050         13,260         2,092         11,168   

Other

     17,895         3,377         14,518         17,292         2,899         14,393   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 255,274       $ 166,830       $ 88,444       $ 254,671       $ 161,315       $ 93,356   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Amortization expense on intangible assets was $5.5 million and $7.2 million for the three months ended March 31, 2012 and 2011, respectively. Estimated amortization for each of the next five years is as follows: remainder of 2012 – $14.6 million; 2013 – $14.5 million; 2014 –$12.2 million; 2015 – $10.4 million; and 2016 – $8.9 million.