Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

5. Goodwill and Intangible Assets

There were no changes in goodwill for the three month period ended March 31, 2012. We have not identified any quantitative or qualitative factors for segment goodwill that would indicate impairment exists at March 31, 2012.

The Company also has material intangible assets consisting of purchased intangibles and internally developed software used in the conduct of business. There were no changes in intangible assets for the three month period ended March 31, 2012.

The aggregate amortization expense recorded was approximately $390,000 and $152,000 for the three months ended March 31, 2012 and 2011, respectively. The total weighted average life of purchased and internally developed intangible assets is approximately 4.0 years, respectively, at March 31, 2012.