Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

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Intangible Assets, Net
 3 Months Ended
Mar. 31, 2012
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, which is approximately 10 years. 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):

 

     March 31,
2012		     December 31,
2011		     March 31,
2011 		 

Intangible assets subject to amortization

       

Gross carrying amount

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

Accumulated amortization

      (2,949 )      (2,599 )      (1,547 ) 
  

 

 

    

 

 

    

 

 

  

Net carrying amount

      11,249        11,599        12,651   

Intangible assets not subject to amortization

      27,421        27,421        27,421   
  

 

 

    

 

 

    

 

 

  

Intangible assets, net

    $ 38,670      $ 39,020      $ 40,072   
  

 

 

    

 

 

    

 

 

  

Annual amortization expense for intangible assets subject to amortization is estimated to be $1,402,000 in 2012, and $1,330,000 in 2013 through 2016.