Summary of Goodwill and Acquired Intangible Assets

6 Months Ended

Jun. 30, 2011

Summary of Goodwill and Acquired Intangible Assets [Abstract]

Summary of Goodwill and Acquired Intangible Assets

7.  Summary of Goodwill and Acquired Intangible Assets

During the three months ended June 30, 2010, the Company sold certain trademarks for $4,000. The carrying value, net of accumulated amortization of these trademarks, was zero.

On March 1, 2010, the Company’s New Jersey health plan acquired the Medicaid contract rights and rights under certain provider agreements of University Health Plans, Inc. for strategic reasons. The purchase price of $13,420 was financed through available cash. The entire purchase price was allocated to goodwill and other intangibles, which includes $2,200 of specifically identifiable intangibles allocated to the rights to the Medicaid service contract and the assumed provider contracts.

Other acquired intangible assets, included in other long-term assets in the accompanying Condensed Consolidated Balance Sheets, at June 30, 2011 and December 31, 2010 were as follows:

	June 30, 2011					December 31, 2010
	Gross Carrying		Accumulated			Gross Carrying		Accumulated
	Amount		Amortization			Amount		Amortization
Membership rights and provider contracts	$	28,171	$	(26,369	)	$	28,171	$	(26,106	)
Non-compete agreements and trademarks		946		(946	)		946		(946	)
	$	29,117	$	(27,315	)	$	29,117	$	(27,052	)