Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

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Intangible Assets, Net
 9 Months Ended
Sep. 30, 2011
Intangible Assets, Net [Abstract]  
Intangible Assets, Net

NOTE 4 – INTANGIBLE ASSETS, NET

Intangible assets that are determined to have finite lives include patents and purchased technology and are amortized over their estimated useful lives. Intangible assets with indefinite useful lives include trademarks and tradenames and are not amortized but are periodically evaluated for impairment.

The following table summarizes the Company's identifiable intangible assets balance (in thousands):

 

     September 30,
2011		     December 31,
2010		     September 30,
2010		  

Intangible assets subject to amortization

       

Gross carrying amount

    $ 14,198      $ 14,198      $ 14,198   

Accumulated amortization

      (2,249 )      (1,196 )      (840 ) 
  

 

 

    

 

 

    

 

 

  

Net carrying amount

      11,949        13,002        13,358   

Intangible assets not subject to amortization

      27,421        27,421        27,202   
  

 

 

    

 

 

    

 

 

  

Intangible assets, net

    $ 39,370      $ 40,423      $ 40,560   
  

 

 

    

 

 

    

 

 

  

Annual amortization expense for intangible assets subject to amortization is estimated to be $1,402,000 per year in both 2011 and 2012, and $1,330,000 per year in 2013 through 2015.