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Acquired Intangible Assets | 6 Months Ended
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Jun. 30, 2012
Acquired Intangible Assets [Abstract] |
Acquired Intangible Assets [Text Block] |
Note 7. | Acquired Intangible Assets
Acquired identifiable intangible assets consist of the following:
|  | June 30, 2012 |  |  | December 31, 2011 |
|  | (In thousands) |
Customer relationships |  | $ | 40,100 |  |  | $ | 32,100 |
Trademarks and trade names |  |  | 6,800 |  |  |  | 6,300 |
Non-compete agreements |  |  | 910 |  |  |  | 700 |
Patents and supply contracts |  |  | 723 |  |  |  | 723 |
Leaseholds |  |  | 160 |  |  |  | - |
Total acquired intangible assets |  |  | 48,693 |  |  |  | 39,823 |
Less accumulated amortization (1) |  |  | (11,597 | ) |  |  | (9,467 | )
Net acquired intangible assets |  | $ | 37,096 |  |  | $ | 30,356 |
(1) | Applies to all intangible assets, except for the Dana acquisition related trademarks and trade names totaling $5.2 million, which have indefinite useful lives and, as such, are not being amortized.
In April 2012, we acquired substantially all of the assets of CompressorWorks, Inc. Intangible assets of $8.9 million were acquired in the acquisition consisting of customer relationships of $8 million that will be amortized on a straight-line basis over the estimated useful life of 7 years; trademarks and trade names of $0.5 million that will be amortized on a straight-line basis over the estimated useful life of 3 years; non-compete agreements of $0.2 million that will be amortized on a straight-line basis over the estimated useful life of 3 years; and leaseholds of $0.2 million that will be amortized on a straight-line basis over the estimated useful life of 2.3 years. Total amortization expense for acquired intangible assets was $1.2 million and $2.1 million for three months and six months ended June 30, 2012, respectively, and $0.4 million and $0.8 million for the comparable periods in 2011. Based on the current estimated useful lives assigned to our acquired intangible assets, amortization expense is estimated to be $2.6 million for the remainder of 2012, $4.7 million in 2013, $4.1 million in 2014 and $20.5 million in the aggregate for the years 2015 through 2021.

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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 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. Reference 2: 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 3: 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 4: 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 + Details
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