XML 32 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2012
Goodwill
The changes in the carrying amount of goodwill for the year ended December 31, 2012 are as follows:
(in thousands of U.S. dollars)
Shared Mail
 
Neighborhood Targeted
 
Free-standing Inserts
 
International, Digital Media & Services
 
Total
Balance as of December 31, 2011
 
 
 
 
 
 
 
 
 
     Total goodwill acquired
$
721,384

 
$
5,325

 
$
22,357

 
$
93,405

 
$
842,471

     Accumulated impairment losses
(187,200
)
 

 

 
(18,800
)
 
(206,000
)
     Goodwill
534,184

 
5,325

 
22,357

 
74,605

 
636,471

 
 
 
 
 
 
 
 
 
 
     Goodwill acquired

 

 

 
3,552

 
3,552

     Impairment charges

 
(3,985
)
 

 
(3,600
)
 
(7,585
)
 
 
 
 
 
 
 
 
 
 
Balance as of December 31, 2012
 
 
 
 
 
 
 
 
 
     Total goodwill acquired
721,384

 
5,325

 
22,357

 
96,957

 
846,023

     Accumulated impairment losses
(187,200
)
 
(3,985
)
 

 
(22,400
)
 
(213,585
)
     Goodwill
$
534,184

 
$
1,340

 
$
22,357

 
$
74,557

 
$
632,438

Components of Other Intangible Assets, Net
The components of other intangible assets, net included on the consolidated balance sheets consisted of:
 
December 31, 2012
 
December 31, 2011
(in thousands of U.S. dollars)
Gross Amount
 
Accumulated Amortization
 
Net Amount
 
Weighted
Average
Remaining
Useful Life
(in years)
 
Gross Amount
 
Accumulated Amortization
 
Net Amount
 
Weighted
Average
Remaining
Useful Life (in years)
Finite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
Mailing lists, non-compete agreements and other
$
47,320

 
$
(13,025
)
 
$
34,295

 
12.2
 
$
40,457

 
$
(9,894
)
 
$
30,563

 
15.1
Customer relationships
142,200

 
(55,266
)
 
86,934

 
8.2
 
140,000

 
(44,591
)
 
95,409

 
9.0
Total
$
189,520

 
(68,291
)
 
121,229

 
 
 
$
180,457

 
(54,485
)
 
125,972

 
 
Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
Valassis name, tradenames, trademarks and other
 
 
 
 
93,942

 
 
 
 
 
 
 
87,641

 
 
Other intangible assets, net
 
 
 
$
215,171

 
 
 

 
 
 
$
213,613

 
 

The increases in the gross amounts of intangible assets during the year ended December 31, 2012 reflect the acquisition of Brand.net, which is described in Note 12, Brand.net Acquisition, and other technology related to our digital business.
During the year ended December 31, 2011, we recorded a pre-tax charge of $7.1 million resulting from the impairment of certain acquired patents, which were never placed into service. This write-off is included in cost of sales in the consolidated statement of income for the year ended December 31, 2011.
Amortization expense related to finite-lived intangible assets was $13.8 million, $12.6 million and $12.6 million for the years ended December 31, 2012, 2011 and 2010. Amortization related to these intangible assets is expected to be $14.9 million, $14.9 million, $14.0 million, $13.0 million and $12.8 million for the years ending December 31, 2013, 2014, 2015, 2016 and 2017, respectively, and $51.5 million thereafter.