INTANGIBLES, Net

12 Months Ended

Dec. 31, 2012

INTANGIBLES, Net

INTANGIBLES, Net

6. INTANGIBLES, Net

The following provides additional information concerning the Company’s intangibles as of December 31:

	2012		2011
Amortizing intangibles	$	1,061	$	1,059
Accumulated amortization	(553)		(504)
	508		555
Non-amortizing intangibles	54,140		47,841
	$	54,648	$	48,396

All amortizing intangibles have been assigned an estimated finite useful life and such intangibles are amortized on a straight-line basis over the number of years that approximate their respective useful lives ranging from one to 25 years (weighted-average life of 20 years). Total amortization expense recorded was $0.05 million, $0.05 million and $0.05 million for the years ended December 31, 2012, 2011 and 2010, respectively. As of December 31, 2012, future estimated amortization expense related to amortizing intangibles through the year ending December 31, 2017 is approximately $0.05 million per year.