Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

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Intangible Assets, Net
 9 Months Ended
Sep. 30, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net
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 are 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):
 
September 30,
2012
 
December 31,
2011
 
September 30,
2011
Intangible assets subject to amortization
 
 
 
 
 
Gross carrying amount
$
14,198

 
$
14,198

 
$
14,198

Accumulated amortization
(3,651
)
 
(2,599
)
 
(2,249
)
Net carrying amount
10,547

 
11,599

 
11,949

Intangible assets not subject to amortization
27,421

 
27,421

 
27,421

Intangible assets, net
$
37,968

 
$
39,020

 
$
39,370


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.