Intangible Assets

6 Months Ended

Jun. 30, 2011

Intangible Assets

Intangible Assets

10. Intangible Assets

Intangible assets are recorded at estimated fair value and are amortized over their estimated useful lives. The gross book value, accumulated amortization and amortization periods of the intangible assets were as follows (dollars in thousands):

	June 30, 2011					December 31, 2010
	Gross					Gross					Estimated
	Book		Accumulated			Book		Accumulated			Useful Life
	Value		Amortization			Value		Amortization			(Years)
Customer relationships	$	83,212	$	(37,168	)	$	37,028	$	(30,283	)		4-7
Database		492		(410	)		13,292		(12,421	)		3-6
Trade names		11,594		(6,806	)		10,601		(6,135	)		2-10
Technology		55,540		(22,024	)		27,543		(16,991	)		1-5
Non-compete agreements		6,569		(1,733	)		1,389		(860	)		4-5
State DMV relationships		6,190		(430	)		—		—			6
Total	$	163,597	$	(68,571	)	$	89,853	$	(66,690	)

Amortization expense related to intangibles for the three and six months ended June 30, 2011 and 2010 is as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2011		2010		2011		2010
Intangible amortization expense	$	7,708	$	4,929	$	14,568	$	10,163

Amortization expense that will be incurred for the remaining period of 2011 and for each of the subsequent five years and thereafter is estimated, based on the June 30, 2011 book value, as follows (in thousands):

Remainder of 2011	$	13,676
2012		23,317
2013		20,071
2014		16,146
2015		13,271
2016		6,232
Thereafter		2,313
Total	$	95,026