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Acquired Intangible Assets | 6 Months Ended
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Jun. 30, 2013
Acquired Intangible Assets [Abstract] |
Acquired Intangible Assets |
Note 7. | Acquired Intangible Assets
Acquired identifiable intangible assets consist of the following:
|  | June 30, 2013 |  |  | December 31, 2012 |
|  | (In thousands) |
Customer relationships |  | $ | 43,872 |  |  | $ | 40,100 |
Trademarks and trade names |  |  | 6,800 |  |  |  | 6,800 |
Non-compete agreements |  |  | 910 |  |  |  | 910 |
Patents and supply contracts |  |  | 723 |  |  |  | 723 |
Leaseholds |  |  | 160 |  |  |  | 160 |
Total acquired intangible assets |  |  | 52,465 |  |  |  | 48,693 |
Less accumulated amortization (1) |  |  | (16,954 | ) |  |  | (14,210 | )
Net acquired intangible assets |  | $ | 35,511 |  |  | $ | 34,483 |
| (1) | Applies to all intangible assets, except for trademarks and trade names totaling $5.2 million, which have indefinite useful lives and, as such, are not being amortized.
In February 2013, we acquired the original equipment business of SMP Europe. Intangible assets acquired consist of $3.8 million of customer relationships that will be amortized on a straight-line basis over the estimated useful life of 10 years. Total amortization expense for acquired intangible assets was $1.4 million and $2.7 million for the three months and six months ended June 30, 2013, respectively, and $1.2 million and $2.1 million for the comparable periods in 2012. Based on the current estimated useful lives assigned to our acquired intangible assets, amortization expense is estimated to be $2.2 million for the remainder of 2013, $4.5 million in 2014, $4.3 million in 2015 and $19.3 million in the aggregate for the years 2016 through 2028.

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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=26713463&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=26713463&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=26713463&loc=d3e16265-109275 + Details
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