GOODWILL AND INTANGIBLES

12 Months Ended

Dec. 31, 2011

2.	GOODWILL AND INTANGIBLES

Goodwill:

The following table provides information related to the carrying value of goodwill (in thousands):

	December 31,		December 31,
	2011		2010
Balance January 1	$	3,280	$	930
Deferred tax adjustment		-		1,350
Adjustments to finalize purchase price allocation		-		1,000
Balance December 31	$	3,280	$	3,280

Indefinite-lived intangible assets:

The following table summarizes information related to indefinite-lived intangible assets (in thousands):

	December 31,		December 31,
	2011		2010
	Gross Carrying Amount		Gross Carrying Amount
Trademarks	$	24,082	$	24,082
Domain names		14,739		14,739
Total	$	38,821	$	38,821

Definite-lived intangible assets:

The following table summarizes information related to definite-lived intangible assets (in thousands):

	December 31,				December 31,
	2011				2010
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Retail store leases	$	3,410	$	1,012	$	3,410	$	748
Client lists		5,938		3,141		5,938		1,996
Technology		1,000		458		1,000	$	232
Total	$	10,348	$	4,611	$	10,348	$	2,976

The aggregate amortization expense for these intangibles was approximately $1.6 million in 2011. The estimated amortization for future years ending December 31 is as follows (in thousands):

2012	$ 1,582
2013	1,577
2014	972
2015 and after	1,606
Total	$	5,737

- Definition

The entire disclosure for 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 (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.

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