Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

6. Goodwill and Intangible Assets

The following is a summary of changes in goodwill and intangible assets with indefinite lives for the nine months ended September 30, 2013 (in thousands):


Balance at beginning of period	$	31,785
Goodwill from Xtrakter acquisition		26,234
Intangible assets with indefinite lives from Xtrakter acquisition		2,120
Less: Goodwill ascribed to discontinued operations		(278	)

Balance at end of period	$	59,861

Intangible assets that are subject to amortization, including the related accumulated amortization, are comprised of the following:


	September 30, 2013							December 31, 2012
	Cost		Accumulated Amortization			Net Carrying Amount		Cost		Accumulated Amortization			Net Carrying Amount
	(In thousands)
Technology	$	5,770	$	(1,731	)	$	4,039	$	4,010	$	(3,892	)	$	118
Customer relationships		5,692		(633	)		5,059		3,530		(2,364	)		1,166
Non-competition agreements		380		(74	)		306		1,260		(1,214	)		46
Tradenames		370		(128	)		242		590		(570	)		20

Total	$	12,212	$	(2,566	)	$	9,646	$	9,390	$	(8,040	)	$	1,350

Amortization expense associated with identifiable intangible assets was $1.5 million for the nine months ended September 30, 2013 and $37,000 for the nine months ended September 30, 2012. Estimated total amortization expense is $2.2 million for 2013, $2.3 million for 2014, $2.3 million for 2015, $0.7 million for 2016 and $0.4 million for 2017.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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