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Intangible Assets | 9 Months Ended
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Sep. 30, 2013
Intangible Assets | NOTE C — INTANGIBLE ASSETS Intangible assets consist of the following (in thousands):
|  | September 30, 2013 |  |  | December 31, 2012 |
|  | Gross |  |  | Accumulated Amortization |  |  | Net |  |  | Gross |  |  | Accumulated Amortization |  |  | Net |
Goodwill |  | $ | 5,085 |  |  |  |  |  |  | $ | 5,085 |  |  | $ | 5,085 |  |  |  |  |  |  | $ | 5,085 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  |  | 18,364 |  |  |  |  |  |  |  | 18,364 |  |  |  | 18,364 |  |  |  |  |  |  |  | 18,364 |
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Licenses |  |  | 15,847 |  |  |  | (7,437 | ) |  |  | 8,410 |  |  |  | 15,847 |  |  |  | (7,096 | ) |  |  | 8,751 |
Trade names |  |  | 10,056 |  |  |  | (2,458 | ) |  |  | 7,598 |  |  |  | 10,056 |  |  |  | (1,800 | ) |  |  | 8,256 |
Customer relationships |  |  | 18,406 |  |  |  | (2,405 | ) |  |  | 16,001 |  |  |  | 18,406 |  |  |  | (1,409 | ) |  |  | 16,997 |
Patents |  |  | 584 |  |  |  | (220 | ) |  |  | 364 |  |  |  | 584 |  |  |  | (195 | ) |  |  | 389 |
Total |  | $ | 68,342 |  |  | $ | (12,520 | ) |  | $ | 55,822 |  |  | $ | 68,342 |  |  | $ | (10,500 | ) |  | $ | 57,842 |
The Company performed its 2013 annual impairment test for its indefinite-lived intangible assets as of October 1, 2013. The test, which is required to be performed annually, involved the assessment of the fair market value of the Company’s indefinite-lived intangible assets based on Level 2 observable inputs, using a discounted cash flow approach, assuming a discount rate of 12.5%-14.0% and an average annual growth rate of 2.0%-3.5%. The result of the assessment of the Company’s indefinite-lived intangibles indicated that the fair values exceeded the carrying values as of October 1, 2013. In addition, the Company assessed the carrying value of its goodwill and determined based on qualitative factors that no impairment existed. In the third quarter of 2012, the Company recorded an impairment charge of $1.1 million in its statement of operations which reduced the book value of its Elements® trade name as of September 30, 2012.

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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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