Intangible Assets

6 Months Ended

Jun. 30, 2012

Intangible Assets [Abstract]

Intangible Assets

Note 7 — Intangible Assets

Intangible assets consist of the following:

	June 30, 2012							December 31, 2011
(Amounts in thousands)	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Amortized intangible assets:
Customer lists	$	3,835	$	(2,819	)	$	1,016	$	7,272	$	(6,074	)	$	1,198
Non-compete agreements		137		(108	)		29		137		(68	)		69
Trademarks and license		636		(1	)		635		597		(1	)		596
Developed technology		146		(117	)		29		146		(100	)		46
Total intangible assets	$	4,754	$	(3,045	)	$	1,709	$	8,152	$	(6,243	)	$	1,909

In the second quarter of 2011, the Company acquired the agent contracts of a former Spain super-agent for a purchase price of $1.0 million. The acquisition of these agent contracts provided the Company with further network expansion in its money transfer business in its Global Funds Transfer segment. The agent contracts are amortized over a life of four years.

In connection with disposition activity, the Company recognized an impairment charge of $1.8 million in the second quarter of 2011, for certain agent contracts utilized in our Global Funds transfer segment, as recorded in the “Other” line in the Consolidated Statements of (Loss) Income.

Intangible asset amortization expense was $0.1 million and $0.2 million for the three and six months ended June 30, 2012, respectively, and $0.3 million and $0.7 million for the three and six months ended June 30, 2011, respectively.

As of June 30, 2012, the estimated future intangible asset amortization expense is as follows (amounts in thousands):

Year 1	$	313
Year 2		215
Year 3		188
Year 4		64
Year 5		64
Thereafter		231
Total	$	1,075