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4. INTANGIBLE ASSETS (Dec 2011 only) | 12 Months Ended
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Dec. 31, 2011
Goodwill and Intangible Assets Disclosure [Abstract] |
4. INTANGIBLE ASSETS | Intangible assets consisted of the following (in thousands):
|  | Useful |  |  | December 31, 2011 |  |  | December 31, 2010 |
|  | Life |  |  |  |  |  | Accumulated |  |  | Net Book |  |  |  |  |  | Accumulated |  |  | Net Book |
|  | (Years) |  |  | Gross |  |  | Amortization |  |  | Value |  |  |  |  |  | Amortization |  |  | Value |
Non-Amortizing: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Kinergy tradename |  |  |  |  | $ | 2,678 |  |  | $ | — |  |  | $ | 2,678 |  |  | $ | 2,678 |  |  | $ | — |  |  | $ | 2,678 |
Amortizing: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  |  | 10 |  |  |  | 4,741 |  |  |  | (3,211 | ) |  |  | 1,530 |  |  |  | 4,741 |  |  |  | (2,737 | ) |  |  | 2,004 |
Pacific Ethanol tradename |  |  | 2 |  |  |  | 800 |  |  |  | (550 | ) |  |  | 250 |  |  |  | 800 |  |  |  | (100 | ) |  |  | 700 |
Total intangible assets, net |  |  |  |  |  | $ | 8,219 |  |  | $ | (3,761 | ) |  | $ | 4,458 |  |  | $ | 8,219 |  |  | $ | (2,837 | ) |  | $ | 5,382 |
Kinergy Tradename – The Company recorded a tradename valued at $2,678,000 in 2006 as part of its acquisition of Kinergy. The Company determined that the Kinergy tradename has an indefinite life and therefore, rather than being amortized, will be tested annually for impairment. The Company did not record any impairment on the Kinergy tradename for the years ended December 31, 2011 and 2010. Customer Relationships – The Company recorded customer relationships valued at $4,741,000 as part of its acquisition of Kinergy. The Company has established a useful life of ten years for these customer relationships. Pacific Ethanol Tradename – The Company recorded a tradename valued at $800,000 as part of its acquisition of its ownership interest in New PE Holdco, which relates to its marketing and management agreements with Pacific Ethanol, Inc. The Company has established a useful life of two years for this intangible asset. Amortization expense associated with intangible assets totaled $924,000 and $574,000 for the years ended December 31, 2011 and 2010, respectively. The weighted-average unamortized life of the intangible assets is 2.9 years. The expected amortization expense relating to amortizable intangible assets in each of the remaining four years after December 31, 2011 are (in thousands):
Years Ended December 31, |  | Amount |
2012 |  | $ | 724 |
2013 |  |  | 474 |
2014 |  |  | 474 |
2015 |  |  | 108 |
Total |  | $ | 1,780 |

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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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