Intangibles

As a result of the decline in revenues during the past several years, principally due to the weak economy and its negative impact on the life insurance industry the Company serves, the Company performed an impairment analysis of its intangible assets. Based on the analysis, the Company concluded that the undiscounted cash flows expected to be generated by its intangible assets (primarily customer relationships), exceeded their carrying values. As a result, no impairment was recorded on our intangible assets during 2011, 2010 and 2009.

The following table presents certain information regarding the Company’s intangible assets as of December 31, 2011 and 2010. All identifiable intangible assets are being amortized over their estimated useful lives, as indicated below, with no expected residual values.



	Weighted
	Average	Gross
	Useful Life	Carrying		Accumulated		Net
	(years)	Amount		Amortization		Balance
At December 31, 2011:
Customer relationships	9.7	$	12,502	$	12,360	$	142
Trademarks and tradenames	15.7	487		434		53
		$	12,989	$	12,794	$	195
At December 31, 2010:
Customer relationships	9.7	$	12,502	$	12,044	$	458
Trademarks and tradenames	15.7	487		408		79
		$	12,989	$	12,452	$	537

The aggregate intangible amortization expense for the years ended December 31, 2011, 2010 and 2009 was approximately $0.3 million, $0.4 million and $0.5 million, respectively. Assuming no additional change in the gross carrying amount of intangible assets, the estimated intangible asset amortization expense for the fiscal year ended December 31, 2012 is $0.2 million.