Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of acquisition of Intangible assets

The Company acquired the following intangible assets in 2012:

(Dollars in thousands)	Amount		Weighted-average Amortization Period
Customer relationships	$	257	5.0 Years
Trade Name	62		5.0 Years
Technology	212		5.0 Years
Total assets subject to amortization	$	531	5.0 Years
Goodwill	$	4,717	Not Applicable

Summary of cost, accumulated amortization and net book value of intangible assets

The cost, accumulated amortization and net book value of intangible assets subject to amortization as of December 31, 2012 and 2011 and the amortization expense for each year then ended is as follows:

(Thousands)	2012			2011
Deferred financing costs
Cost	$	6,427		$	6,427
Accumulated amortization	(4,048		)	(3,399		)
Net book value	2,379			3,028
Customer relationships
Cost	38,427			38,170
Accumulated amortization	(18,703		)	(14,684		)
Net book value	19,724			23,486
Technology
Cost	12,092			11,880
Accumulated amortization	(6,538		)	(5,074		)
Net book value	5,554			6,806
License
Cost	2,480			2,480
Accumulated amortization	(1,340		)	(850		)
Net book value	1,140			1,630
Non-compete contracts
Cost	550			550
Accumulated amortization	(530		)	(505		)
Net book value	20			45
Trade Name
Cost	62			—
Accumulated amortization	(10		)	—
Net book value	52			—
Total
Cost	$	60,038		$	59,507
Accumulated amortization	(31,169		)	(24,512		)
Net book value	$	28,869		$	34,995
Aggregate amortization expense	$	6,657		$	6,703

Summary of reconciliation of goodwill

The Company’s only intangible asset not subject to amortization is goodwill. A reconciliation of the goodwill activity for 2012 and 2011 is as follows:

(Thousands)	2012		2011
Balance at the beginning of the year	$	84,036	$	72,936
Current year additions	4,717		11,100
Balance at the end of the year	$	88,753	$	84,036