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Purchased Patents
9 Months Ended
Sep. 30, 2012
Purchased Patents  
Purchased Patents

5. Purchased Patents

 

The Company acquired certain patents in 2005. The following sets forth the gross carrying amount and related accumulated amortization of the patents (in thousands):

 

 

 

 

 

 

 

 

 

September 30, 2012

 

 

 

 

 

December 31, 2011

 

(unaudited)

 

 

 

Weighted-

 

Gross Carrying

 

Accumulated

 

Gross Carrying

 

Accumulated

 

 

 

Average Life

 

Amount

 

Amortization

 

Amount

 

Amortization

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchased Patents

 

10.0

 

$

2,292

 

$

1,380

 

$

2,292

 

1,552

 

 

Amortization expense was approximately $57,000 for the three months ended September 30, 2011 and 2012 and was approximately $172,000 for the nine months ended September 30, 2011 and 2012. The net book value of intangible assets as of December 31, 2011 and September 30, 2012 was approximately $0.9 million and $0.7 million, respectively.