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GOODWILL AND INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2012
GOODWILL AND INTANGIBLE ASSETS [Abstract]  
GOODWILL AND INTANGIBLE ASSETS
5.   GOODWILL AND INTANGIBLE ASSETS

 

Goodwill

 

Summarized below are the carrying values of goodwill and any changes to the carrying value of goodwill from December 31, 2011 to March 31, 2012 (in thousands):

 

    North
America
  Europe   Asia
Pacific
  Total
Goodwill:                                
Gross value at December 31, 2011   $ 363,953     $ 18,856     $ 5,304     $ 388,113  
Accumulated impairment losses     (92,423 )     -       -       (92,423 )
Carrying value at December 31, 2011     271,530       18,856       5,304       295,690  
Impact of currency fluctuations     501       932       82       1,515  
Carrying value at March 31, 2012   $ 272,031     $ 19,788     $ 5,386     $ 297,205  

 

Goodwill is not subject to amortization, but is subject to periodic reviews for impairment.

 

Other Intangible Assets

 

Summarized below are the carrying value and accumulated amortization, if applicable, by intangible asset class (in thousands):

    March 31, 2012   December 31, 2011
    Gross
Carrying Value
  Accumulated Amortization   Net
Carrying Value
  Gross Carrying Value   Accumulated Amortization   Net Carrying Value
Other intangible assets:                                                
   Customer lists   $ 65,939     $ (58,992 )   $ 6,947     $ 65,566     $ (57,682 )   $ 7,884  
   Non-compete agreements     5,739       (5,255 )     484       5,701       (5,063 )     638  
   Developed technology     1,000       (1,000 )     -       1,000       (1,000 )     -  
   Other     2,978       (600 )     2,378       2,889       (505 )     2,384  
       Total other intangible assets   $ 75,656     $ (65,847 )   $ 9,809     $ 75,156     $ (64,250 )   $ 10,906  

 

We record fees incurred in connection with our patents and trademarks in "Prepaid expenses and other current assets" in our condensed consolidated balance sheets until the patents and trademarks are granted or abandoned. We have $1.1 million of these assets recorded as of each of March 31, 2012 and December 31, 2011.

 

Other intangible assets are amortized over an estimated useful life between one and 20 years. Estimated annual amortization expense related to our other intangible assets for 2012 through 2016 is as follows (in thousands):

Year   Estimated
Annual
Amortization Expense
     
2012   $3,057
2013   $1,337
2014   $1,106
2015   $1,041
2016   $   846