Goodwill And Intangibles, Net

6 Months Ended

Jun. 30, 2011

Goodwill And Intangibles, Net

Goodwill And Intangibles, Net

3. Goodwill and Intangibles, net

The following table summarizes the activity related to ICG's goodwill (in thousands):

Goodwill at December 31, 2010	$	20,317
Increase in goodwill due to acquisition		2,052
Goodwill at June 30, 2011	$	22,369

As of June 30, 2011 and December 31, 2010, all of ICG's goodwill was allocated to the core segment.

The following table summarizes ICG's intangible assets from continuing operations (in thousands):

		As of June 30, 2011
Intangible Assets	Useful Life	Gross Carrying Amount Related to Continuing Operations		Accumulated Amortization			Net Carrying Amount
Customer relationships	11 years	$	12,759	$	(1,746	)	$	11,013
Trademarks/trade names	11 years		1,320		(180	)		1,140
Technology	10 years		710		(106	)		604
			14,789		(2,032	)		12,757
Other intellectual property	Indefinite		400		—			400
		$	15,189	$	(2,032	)	$	13,157
		As of December 31, 2010
Intangible Assets	Useful Life	Gross Carrying Amount Related to Continuing Operations		Accumulated Amortization			Net Carrying Amount
Customer relationships	11 years	$	12,759	$	(1,166	)	$	11,593
Trademarks/trade names	11 years		1,320		(120	)		1,200
Technology	10 years		710		(71	)		639
			14,789		(1,357	)		13,432
Other intellectual property	Indefinite		400		—			400
		$	15,189	$	(1,357	)	$	13,832

Amortization expense for intangible assets during the three and six months ended June 30, 2011 was $0.3 million and $0.7 million, respectively. Amortization expense for the three and six months ended June 30, 2010 was $0.3 million and $0.7 million, respectively. ICG amortizes intangibles using the straight line method.

Remaining estimated amortization expense is as follows (in thousands):

2011 (remaining six months)	$	676
2012		1,351
2013		1,351
2014		1,351
2015		1,351
Thereafter		6,677
Remaining amortization expense	$	12,757

During the three months ended June 30, 2011, ICG Commerce acquired Neuwing Energy Ventures, LLC ("Neuwing"). ICG Commerce is currently in the process of completing the purchase accounting related to this acquisition. ICG Commerce expects to record goodwill and intangible assets related to this acquisition. Until such time as the purchase price allocation is completed, the estimated total amount of intangible assets acquired is included in goodwill.

Impairments

ICG completes its annual impairment testing in the fourth quarter of each year, or more frequently as conditions warrant. There were no impairment charges related to goodwill or intangible assets associated with ICG's consolidated subsidiaries during the six-month periods ended June 30, 2011 and 2010.