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Acquisition and Transition Costs and Intangible Asset Amortization
3 Months Ended
Mar. 31, 2013
Acquisition and Transition Costs and Intangible Asset Amortization

Note 4 – Acquisition and Transition Costs and Intangible Asset Amortization

Acquisition and Transition Costs

The Company recognized $58 and $73 for the three months ended March 31, 2013 and 2012, respectively, as Acquisition and Transition Costs incurred in connection with recent acquisitions and other ongoing business development initiatives. These costs are primarily comprised of professional fees for legal and other services.

 

Intangible Asset Amortization

Expense associated with the amortization of intangible assets for Investment Banking and Investment Management was $204 and $1,790, respectively, for the three months ended March 31, 2013 and $2,449 and $1,675, respectively, for the three months ended March 31, 2012, included within Depreciation and Amortization expense on the Unaudited Condensed Consolidated Statements of Operations. See Note 8 for Goodwill and Intangible assets acquired as a result of the Company’s consolidation of Pan.