Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2011

(5) Goodwill and Intangible Assets

Intangible Assets

The following presents certain information on our intangible assets as of December 31, 2011 and 2010. Amortizable intangible assets are being amortized on a straight-line basis over their estimated useful lives with no estimated residual values.

Intangible Assets	Gross Carrying Amount

Balance as of December 31, 2011
Amortizable intangible assets:
Patents	$	12,941	5,260	7,681
Customer lists		35,742	20,511	15,231
Licenses		78,556	56,706	21,850
Intellectual property		23,335	18,102	5,233
Lottery contracts		1,500	1,195	305

		152,074	101,774	50,300

Non-amortizable intangible assets:
Trade names		38,677	2,118	36,559

Total intangible assets	$	190,751	103,892	86,859

Balance as of December 31, 2010
Amortizable intangible assets:
Patents	$	12,106	4,321	7,785
Customer lists		30,083	19,009	11,074
Licenses		62,124	46,381	15,743
Intellectual property		17,833	17,719	114
Lottery contracts		1,500	1,093	407

		123,646	88,523	35,123

Non-amortizable intangible assets:
Trade names		37,608	2,118	35,490

Total intangible assets	$	161,254	90,641	70,613

The aggregate intangible asset amortization expense for the years ended December 31, 2011, 2010 and 2009 was approximately $15,300, $13,700 and $17,500, respectively. The estimated intangible asset amortization expense for the year ending December 31, 2012 and each of the subsequent four years is approximately $15,200, $13,700, $8,400, $5,400 and $2,500 respectively.

Goodwill

The table below reconciles the change in the carrying amount of goodwill, by reporting segment, for the period from December 31, 2009 to December 31, 2011. In 2011, we recorded an increase in goodwill of approximately $7,600 as a result of acquisitions and a decrease of approximately $5,200 as a result of foreign currency translation.

In 2010, we recorded an increase in goodwill of approximately $4,700 as a result of the acquisition of substantially all of the assets of GameLogic Inc. ("GameLogic") and a decrease in goodwill of approximately $13,500 as a result of foreign currency translation.

Goodwill	Printed Products

Balance at December 31, 2009	$	329,659		192,833		250,240		772,732
Adjustments		5,822		(5,889	)	(8,750	)	(8,817	)

Balance at December 31, 2010		335,481		186,944		241,490		763,915
Adjustments		(1,361	)	(324	)	4,119		2,434

Balance at December 31, 2011	$	334,120		186,620		245,609		766,349

We performed our annual impairment valuation for the years ended 2011 and 2010, which produced estimated fair values of equity for our reporting units in excess of the carrying value of equity. In each case, the estimated fair value of the reporting unit substantially exceeded the carrying value. Accordingly, we do not believe that any of our reporting units were at risk of failing step one of the goodwill impairment test as of December 31, 2011 or 2010.

- 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.

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