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LONG-LIVED ASSET IMPAIRMENT
3 Months Ended
Mar. 31, 2012
LONG-LIVED ASSET IMPAIRMENT  
LONG-LIVED ASSET IMPAIRMENT

9.  LONG-LIVED ASSET IMPAIRMENT

 

During the three months ended March 31, 2012, we reviewed the idle compression assets used in our contract operations segments for units that are not of the type, configuration, make or model that are cost efficient to maintain and operate. Our estimate of the fair value of the impaired long-lived assets was based on the expected net sale proceeds compared to other fleet units we have recently sold, as well as our review of other units that were recently for sale by third parties, or the estimated component value of the equipment that we plan to use. The net book value of these assets exceeded the fair value by $4.3 million for the three months ended March 31, 2012 and was recorded as a long-lived asset impairment.