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Other Intangible Assets | 3 Months Ended
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Mar. 31, 2013
Goodwill/Other Intangible Assets [Abstract] |
OTHER INTANGIBLE ASSETS | NOTE 5—OTHER INTANGIBLE ASSETS The following table summarizes the other intangible assets movement year on year:
|  | Three Months Ended March 31 |
(in millions) |  | 2013 |  |  | 2012 |
Gross cost at January 1 |  | $ | 106.2 |  |  | $ | 51.2 |
Capitalization of internally developed software and other costs |  |  | 2.1 |  |  |  | 2.5 |
Exchange effect |  |  | 0.0 |  |  |  | 0.0 |
Gross cost at March 31 |  |  | 108.3 |  |  |  | 53.7 |
Accumulated amortization at January 1 |  |  | (37.6 | ) |  |  | (33.5 | )
Amortization expense |  |  | (2.1 | ) |  |  | (1.0 | )
Exchange effect |  |  | (0.1 | ) |  |  | 0.0 |
Accumulated amortization at March 31 |  |  | (39.8 | ) |  |  | (34.5 | )
Net book amount at March 31 |  | $ | 68.5 |  |  | $ | 19.2 |
Strata On December 24, 2012, the Company acquired 100% of the voting equity interests in Strata. The purchase price allocation and related valuation process is largely complete. Final determination of the fair values is unlikely to result in further adjustments to these estimates. We have allocated $48.0 million of the purchase price to other intangible assets which we are amortizing on a straight-line basis to the income statement over a weighted average expected life of 13.1 years. These intangible assets comprise the following:
• |  | technology ($18.3 million) being amortized straight-line over 16.5 years. In the first three months of 2013 amortization expense of $0.3 million was recognized in cost of goods sold (2012—$0.0 million).
• |  | customer relationships ($28.2 million) and a non-compete agreement ($1.5 million) being amortized straight-line over 11.5 years and 2.0 years, respectively. In the first three months of 2013 amortization expenses of $0.6 million and $0.2 million were recognized in selling, general and administrative expenses, respectively (2012—$0.0 million and $0.0 million, respectively).
Internally developed software and other costs We are continuing with the implementation of a new, company-wide, information system platform. At March 31, 2013, we had capitalized $12.2 million (2012—$5.6 million) in relation to this internally developed software. No amortization expense was recognized in the first three months of 2013 (2012—$0.0 million). Others The remaining intangible assets of $48.1 million relate to those recognized in the acquisition accounting in respect of technology, customer relationships and patents; and sales and marketing agreements to market and sell tetra ethyl lead (“TEL”). These assets are being amortized straight-line over periods of up to 13 years. In the first three months of 2013 amortization expenses of $0.6 million and $0.4 million were recognized in cost of goods sold and selling, general and administrative expenses, respectively (2012 – $0.6 million and $0.4 million, respectively).

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16373-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16265-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 44, 45, 46 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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