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Goodwill and Intangible Assets
9 Months Ended
Sep. 30, 2012
Goodwill and Intangible Assets [Abstract]  
Goodwill and Intangible Assets

5. Goodwill and Intangible Assets

There was no change in the carrying amount of goodwill during the nine months ended September 30, 2012.

Intangible assets relate to developed technology, trade names and trademarks, customer relationships, and non-compete agreements that we acquired from TestQuest Inc. in November 2008 and from the acquisition of MPC in September 2011.

 

Information regarding our intangible assets as of September 30, 2012 and December 31, 2011 is as follows (in thousands):

 

                         
    September 30, 2012  
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net
Carrying
Value
 

Trade names and trademarks

  $ 180     $ 178     $ 2  

Customer relationships

    1,275       243       1,032  

Non-compete agreements

    196       101       95  
   

 

 

   

 

 

   

 

 

 

Total

  $ 1,651     $ 522     $ 1,129  
   

 

 

   

 

 

   

 

 

 

 

                         
    December 31, 2011  
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net
Carrying
Value
 

Trade names and trademarks

  $ 180     $ 92     $ 88  

Customer relationships

    1,275       141       1,134  

Non-compete agreements

    196       28       168  
   

 

 

   

 

 

   

 

 

 

Total

  $ 1,651     $ 261     $ 1,390  
   

 

 

   

 

 

   

 

 

 

Amortization expense was $85,000 and $261,000 for the three and nine months ended September 30, 2012, respectively, and $92,000 and $259,000 for the three and nine months ended September 30, 2011, respectively. Amortization in future periods is expected to be as follows (in thousands):

 

         

Remainder of 2012

  $ 60  

2013

    206  

2014

    135  

2015

    135  

2016

    130  

Thereafter

    463  
   

 

 

 

Total

  $     1,129