Intangible Assets

3 Months Ended

Mar. 31, 2013

Intangible Assets

Intangible Assets

3. Intangible Assets

As of March 31, 2013 and December 31, 2012, intangible assets, net of accumulated amortization, were as follows (in thousands):

		As of March 31, 2013					As of December 31, 2012
	Weighted Average Amortization Period (in years)	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Core and developed technology	10	$	10,257	$	(3,811	)	$	10,257	$	(3,546	)
Non-compete agreement	2	170		(170		)	170		(170		)
Total intangible assets	10	$	10,427	$	(3,981	)	$	10,427	$	(3,716	)

The Company’s intangible assets are described in Note 8, Related Party Transactions.

Amortization is computed using the straight-line method over the useful lives of the respective intangible assets as there is no other pattern of use that is reasonably estimable. Amortization expense was approximately $0.3 million for each of the three months ended March 31, 2013 and 2012.

The Company expects to incur amortization expense of appropriately $1.1 million per year for each of the next five years.