2.2.0.7 false Goodwill and Intangible Assets 10301 - Disclosure - Goodwill and Intangible Assets true false false false 1 USD false false Unit12 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 Unit13 Standard http://www.xbrl.org/2003/instance pure xbrli 0 Unit14 Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 Unit1 Standard http://www.xbrl.org/2003/instance shares xbrli 0 $ 2 Goodwill and Intangible Assets 0 prk_GoodwillAndIntangibleAssetsAbstract prk false na duration Goodwill and Intangible Assets false false false false false true false false false false false false 1 false false false false 0 0 false false false xbrli:stringItemType string Goodwill and Intangible Assets false 3 Goodwill and Intangible Assets 1 us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false terselabel false 1 false false false false 0 0 <div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Note 3 – <font style="display: inline; text-decoration: underline;" class="_mt">Goodwill and Intangible Assets</font></font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The following table shows the activity in goodwill and core deposit intangibles for the first nine months of 2010.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div> <div align="left"> <div align="left"> <div align="left"> <div style="text-align: center;" align="left"> <table style="text-align: center;" cellspacing="0" cellpadding="0" width="80%"> <tr style="text-align: center;"><td style="border-bottom: black 2px solid;" valign="bottom" width="64%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"><font style="display: inline;" class="_mt">(in thousands)</font></font></div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"><font style="display: inline;" class="_mt">Goodwill</font></font></div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"><font style="display: inline;" class="_mt">Core Deposit</font></font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"><font style="display: inline;" class="_mt">Intangibles</font></font></div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"><font style="display: inline;" class="_mt">Total</font></font></div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="64%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">December 31, 2009</font></div></td> <td valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">$</font></td> <td valign="bottom" width="9%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">72,334</font></td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">$</font></td> <td valign="bottom" width="9%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">9,465</font></td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">$</font></td> <td valign="bottom" width="9%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">81,799</font></td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td></tr> <tr bgcolor="white"><td style="padding-bottom: 2px;" valign="bottom" width="64%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Amortization</font></div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">-</font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">2,600</font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">2,600</font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td></tr> <tr bgcolor="#ccffcc"><td style="padding-bottom: 4px;" valign="bottom" width="64%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">September 30, 2010</font></div></td> <td style="padding-bottom: 4px;" valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"><font style="display: inline;" class="_mt">72,334</font></font></td> <td style="padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="padding-bottom: 4px;" valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"><font style="display: inline;" class="_mt">6,865</font></font></td> <td style="padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="padding-bottom: 4px;" valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"><font style="display: inline;" class="_mt">79,199</font></font></td> <td style="padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td></tr></table></div></div></div></div></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">The core deposit intangibles are being amortized to expense principally on the straight-line method, over periods ranging from six to ten years. Management expects that the core deposit intangibles amortization expense will be approximately $822,000 for the fourth quarter of 2010.</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt">Core deposit intangibles amortization expense is projected to be as follows for each of the following years:</font></div> <div style="text-indent: 0pt; display: block;"><br /></div> <div> <div align="left"> <div align="left"> <div align="center"> <table cellspacing="0" cellpadding="0" width="60%"> <tr><td style="border-bottom: black 2px solid;" valign="bottom" width="68%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"><font style="display: inline;" class="_mt">(in thousands)</font></font></div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="30%" colspan="2" nowrap="nowrap"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"><font style="display: inline;" class="_mt">Annual</font></font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"><font style="display: inline;" class="_mt">Amortization</font></font></div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Remainder of 2010</font></div></td> <td valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">$</font></td> <td valign="bottom" width="29%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">822</font></td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td></tr> <tr bgcolor="white"><td valign="bottom" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">2011</font></div></td> <td valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td valign="bottom" width="29%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">2,677</font></td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td></tr> <tr bgcolor="#ccffcc"><td valign="bottom" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">2012</font></div></td> <td valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td valign="bottom" width="29%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">2,677</font></td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td></tr> <tr bgcolor="white"><td valign="bottom" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">2013</font></div></td> <td valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td valign="bottom" width="29%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">689</font></td> <td valign="bottom" width="1%" nowrap="nowrap" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td></tr> <tr bgcolor="#ccffcc"><td style="padding-bottom: 2px;" valign="bottom" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">2014</font></div></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="29%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"><font style="display: inline;" class="_mt">-</font></font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td></tr> <tr bgcolor="white"><td style="padding-bottom: 4px;" valign="bottom" width="68%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">Total</font></div></td> <td style="padding-bottom: 4px;" valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt">$</font></td> <td style="border-bottom: black 3px double;" valign="bottom" width="29%" align="right"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"><font style="display: inline;" class="_mt">6,865</font></font></td> <td style="padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap" align="left"><font style="display: inline; font-family: times new roman; font-size: 10pt;" class="_mt"> </font></td></tr></table></div></div></div></div> </div> Note 3 – Goodwill and Intangible Assets The following table shows the activity in goodwill and core deposit intangibles for the first nine months of false false false us-types:textBlockItemType textblock Discloses 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 or 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. This element may be used as a single block of text to include the entire intangible asset disclosure including data and tables. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 42, 43, 44, 45, 46, 47 false 1 2 false UnKnown UnKnown UnKnown false true