INTANGIBLE ASSETS, NET (10-Q)

9 Months Ended

12 Months Ended

Sep. 29, 2012

Dec. 31, 2011

INTANGIBLE ASSETS, NET [Abstract]

INTANGIBLE ASSETS

3. INTANGIBLE ASSETS, NET

The following table presents the components of intangible assets as of September 29, 2012 and December 31, 2011:

	Average
	Amortization
(Amounts in thousands)	Period				Accumulated			Net Carrying
	(in Years)		Cost		Amortization			Value
As of September 29, 2012:
Patents		14	$	12,770	$	(8,074	)	$	4,696
Trademarks/Tradenames		11		85,644		(58,358	)		27,286
Customer relationships		13		158,158		(89,980	)		68,178
Other				2,647		(1,714	)		933
Total intangible assets		13	$	259,219	$	(158,126	)	$	101,093
As of December 31, 2011:
Patents		14	$	12,770	$	(7,361	)	$	5,409
Trademarks/Tradenames		11		85,644		(48,296	)		37,348
Customer relationships		13		158,158		(80,851	)		77,307
Other				2,503		(1,419	)		1,084
Total intangible assets		13	$	259,075	$	(137,927	)	$	121,148

Estimated amortization expense for the remainder of 2012 and for fiscal years 2013, 2014, 2015, and 2016 is shown in the following table:

	Amortization
(Amounts in thousands)	expense
2012 (remainder of year)	$	6,676
2013		16,732
2014		15,353
2015		14,827
2016		14,240

3.   INTANGIBLE ASSETS

The table that follows presents the major components of intangible assets as of December 31, 2011 and 2010:

	Average
	Amortization
	Period				Accumulated			Net Carrying
(Amounts in thousands)	(in Years)		Cost		Amortization			Value
As of December 31, 2011:
Patents		14	$	12,770	$	(7,361	)	$	5,409
Trademarks/Tradenames		11		85,644		(48,296	)		37,348
Customer relationships		13		158,158		(80,851	)		77,307
Other				2,503		(1,419	)		1,084
Total intangible assets		13	$	259,075	$	(137,927	)	$	121,148
As of December 31, 2010:
Patents		14	$	12,770	$	(6,418	)	$	6,352
Trademarks/Tradenames		11		85,644		(34,885	)		50,759
Customer relationships		13		158,158		(68,651	)		89,507
Other				1,631		(1,284	)		347
Total intangible assets		13	$	258,203	$	(111,238	)	$	146,965

Amortization expense for the years ended December 31, 2011, 2010 and 2009 was approximately $26.7 million, $27.1 million, and $19.7 million, respectively.  Estimated amortization expense for the fiscal years 2012 through 2016 is shown in the following table:

	Amortization
(Amounts in thousands)	expense
2012	$	26,875
2013		16,723
2014		15,344
2015		14,818
2016		14,231

During the year ended December 31, 2010, the Company decreased the remaining useful life of certain trademarks in the Windows and Doors segment to three years (applied prospectively) as a result of future marketing plans regarding the use of these trademarks.  For each of the years ended December 31, 2011 and December 31, 2010, the Company incurred approximately $7.4 million of increased amortization expense compared to the year ended December 31, 2009, primarily as a result of this decrease in useful life.