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GOODWILL AND OTHER INTANGIBLE ASSETS
9 Months Ended
Sep. 30, 2011
Goodwill and Intangible Assets Disclosure [Abstract] 
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS

The changes to goodwill for the nine months ended September 30, 2011 were as follows (in thousands):

 
 
2011
Balance at January 1, 2011
 
$
60,252

Acquired from acquisitions
 
80,394

Foreign currency translation
 
(5,950
)
Balance at September 30, 2011
 
$
134,696



The increase in goodwill during the nine months ended September 30, 2011 was primarily attributed to the recent acquisitions. The goodwill related to these acquisitions includes estimates that are subject to change based upon final fair value determinations. Below is a summary of amortizable other intangible assets (in thousands):

 
 
September 30, 2011
 
December 31, 2010
 
 
Cost
 
Accumulated
Amortization
 
Net
 
Weighted
Average
Amortization
Period
(in years)
 
Cost
 
Accumulated
Amortization
 
Net
 
Weighted
Average
Amortization
Period
(in years)
Permits
 
$
106,504

 
$
44,569

 
$
61,935

 
18.0
 
$
103,493

 
$
42,430

 
$
61,063

 
15.9
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
 
82,206

 
15,234

 
66,972

 
8.2
 
58,322

 
10,418

 
47,904

 
8.0
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other intangible assets
 
20,791

 
8,728

 
12,063

 
4.7
 
13,218

 
7,785

 
5,433

 
3.5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
209,501

 
$
68,531

 
$
140,970

 
14.1
 
$
175,033

 
$
60,633

 
$
114,400

 
9.4


The aggregate amortization expense for the three and nine months ended September 30, 2011 was $3.2 million and $8.7 million, respectively. The aggregate amortization expense for the three and nine months ended September 30, 2010 was $2.8 million and $8.0 million respectively.

The increase in customer relationships and other intangible assets was primarily attributed to the recent acquisitions. Amounts are provisional and subject to change upon completion of final valuations. The total amounts assigned and the weighted average amortization period by major intangible asset classes as it relates to these acquisitions as of September 30, 2011, are as follows:

 
Peak Total Amount
Assigned
 
Peak Weighted
Average
Amortization
Period
(in years)
 
Other Acquisitions Total Amount
Assigned
 
Other Acquisitions Weighted
Average
Amortization
Period
(in years)
Customer relationships
$
9,246

 
6.7
 
$
16,556

 
15.0
Other intangibles
3,069

 
5.9
 
2,953

 
14.1
 
$
12,315

 
6.5
 
$
19,509

 
14.9


Below is the expected future amortization for the net carrying amount of finite lived intangible assets at September 30, 2011 (in thousands):

Years Ending December 31,
 
Expected
Amortization
2011 (three months)
 
$
4,028

2012
 
13,466

2013
 
12,927

2014
 
12,302

2015
 
11,678

Thereafter
 
86,569

 
 
$
140,970