Goodwill And Intangibles, Net

9 Months Ended

Sep. 30, 2011

Goodwill And Intangibles, Net [Abstract]

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 acquisitions		1,962
Goodwill at September 30, 2011	$	22,279

As of September 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 September 30, 2011
Intangible Assets	Useful Life	Gross Carrying Amount Related to Continuing Operations		Accumulated Amortization			Net Carrying Amount
Customer relationships	11 years	$	12,759	$	(2,036	)	$	10,723
Trademarks/trade names	11 years		1,320		(210	)		1,110
Technology	10 years		710		(124	)		586
			14,789		(2,370	)		12,419
Other intellectual property	Indefinite		400		—			400
		$	15,189	$	(2,370	)	$	12,819

		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 nine months ended September 30, 2011 was $0.3 million and $1.0 million, respectively. Amortization expense for the three and nine months ended September 30, 2010 was $0.3 million and $1.0 million, respectively. ICG amortizes intangibles using the straight line method.

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

2011 (remaining three months)	$	338
2012		1,351
2013		1,351
2014		1,351
2015		1,351
Thereafter		6,677
Remaining amortization expense	$	12,419

During the nine months ended September 30, 2011, ICG Commerce completed two acquisitions. ICG Commerce is currently in the process of completing the purchase accounting related to these acquisitions. ICG Commerce expects to record goodwill and intangible assets related to these acquisitions. Until the purchase price allocation has been 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 nine-month periods ended September 30, 2011 and 2010, respectively.