Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2011

Goodwill and Intangible Assets [Abstract]

5.	Goodwill and Intangible Assets

The changes in the carrying amount of goodwill for 2011 and 2010 are summarized as follows:

Balance at December 31, 2009	$	–
Acquisition of Refill Business		77,382
Effect of foreign currency translation		33
Balance at December 31, 2010	$	77,415
Acquisition of Canada Bulk Water Exchange Business		1,536
Acquisition of Omnifrio Single-Serve Beverage Business		6,433
Effect of foreign currency translation		(306	)
Adjustments related to acquisition of Refill Business		178
Balance at December 31, 2011	$	85,256

We have recorded no impairment losses related to goodwill.

Intangible assets are summarized as follows:

	December 31, 2011							December 31, 2010
	Gross Carrying Amount		Accumulated Amortization			Net Intangible Assets		Gross Carrying Amount		Accumulated Amortization			Net Intangible Assets
Amortized intangible assets:
Customer relationships	$	16,137	$	(3,609	)	$	12,528	$	13,289	$	(2,484	)	$	10,805
Patent costs		513		(152	)		361		121		(58	)		63
Developed technology		7,627		(360	)		7,267		–		–			-
		24,277		(4,121	)		20,156		13,410		(2,542	)		10,868
Unamortized intangible assets:
Trademarks		218		–			218		171		–			171
Total	$	24,495	$	(4,121	)	$	20,374	$	13,581	$	(2,542	)	$	11,039

Amortization expense for intangible assets was $1,579, $417 and $401 in 2011, 2010 and 2009, respectively. Amortization expense related to intangible assets, which is an estimate for each future year and subject to change, is as follows:

2012	$	1,747
2013		1,615
2014		1,515
2015		1,424
2016		1,390
Thereafter		12,465
Total	$	20,156

- 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.

+ References+ Details