| Other Intangible Assets |
Note P — Other Intangible Assets
Other intangible assets consist of the following at March 31, 2011:
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Item
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Life |
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Cost |
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Fiscal 2011
Amortization
Expense |
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Accumulated
Amortization at
March 31,
2011 |
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Cost, Net of
Accumulated
Amortization at
March 31,
2011 |
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Covenant Not to Compete
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5 years |
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$ |
775,000 |
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$ |
147,000 |
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$ |
515,000 |
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$ |
260,000 |
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Customer relationships
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18-20 years |
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7,922,000 |
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410,000 |
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1,607,000 |
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6,315,000 |
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TPA Licenses
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15 years |
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204,000 |
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14,000 |
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50,000 |
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154,000 |
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Total
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$ |
8,901,000 |
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$ |
571,000 |
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$ |
2,172,000 |
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$ |
6,729,000 |
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Other intangible assets consist of the following at March 31, 2012:
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Item
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Life |
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Cost |
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Fiscal 2012
Amortization
Expense |
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|
Accumulated
Amortization at
March 31,
2012 |
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Cost, Net of
Accumulated
Amortization at
March 31,
2012 |
|
|
Covenant Not to Compete
|
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5 years |
|
$ |
775,000 |
|
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$ |
147,000 |
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$ |
661,000 |
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$ |
114,000 |
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Customer Relationships
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18-20 years |
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7,922,000 |
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423,000 |
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2,031,000 |
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5,891,000 |
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TPA Licenses
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15 years |
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204,000 |
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14,000 |
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63,000 |
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|
141,000 |
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Total
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$ |
8,901,000 |
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$ |
584,000 |
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$ |
2,755,000 |
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$ |
6,146,000 |
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Amortization expense for the next five fiscal years is expected to be $542,000 in fiscal 2013, $451,000 in
fiscal 2014, $437,000 in fiscal 2015, $437,000 in fiscal 2016, $437,000 in fiscal 2017, and $3,827,000 thereafter.
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