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Note 8 Intangible Assets, Goodwill and Other
3 Months Ended
Mar. 31, 2012
Intangible Assets, Goodwill and Other  
Goodwill and Intangible Assets Disclosure [Text Block]

Note 8.                        Goodwill and Other Intangible Assets

 

The change in the carrying amount of goodwill and other intangible assets (included in other assets in the Condensed Consolidated Balance Sheets) for the first quarter of 2012 is as follows (in thousands):

 

 

 

 

 

Other Intangible Assets

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

Other

 

 

 

 

Definitive

 

Indefinite

 

Intangible

 

 

Goodwill

 

Lives

 

Lives

 

Assets

 

 

 

 

 

 

 

 

 

Balance at December 31, 2011

$

50,318

$

9,738

$

7,977

$

17,715

 

 

 

 

 

 

 

 

 

Fully insured:

 

 

 

 

 

 

 

 

 

Acquired CPR

 

-

 

325

 

-

 

325

Capitalized software development

 

-

 

91

 

-

 

91

Amortization expense

 

-

 

(610)

 

-

 

(610)

 

 

 

 

 

 

 

 

 

Balance at March 31, 2012

$

50,318

$

9,544

$

7,977

$

17,521

 

In February 2012, the Company acquired the net assets of CPR Risk Management, Inc. for (“CPR”) an aggregate purchase price of $275,000. The Company recorded other intangible assets of $325,000 representing customer relationships, which is being amortized over a weighted average period of 5.0 years.