v2.4.0.6
Intangible Assets
3 Months Ended
Mar. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]
4. Intangible Assets

 

The Company’s indefinite-lived and amortizable intangible assets as recorded in the Consolidated Condensed Balance Sheets (Unaudited) consisted of the following as of March 31, 2013:

  

          March 31, 2013  
    Weighted     Gross              
    Average     Carrying     Accumulated        
    Life (Yrs)     Amount     Amortization     Net  
          (Dollars in thousands)  
Indefinite-lived intangible assets:                                
Goodwill           $ 11,112     $ -     $ 11,112  
Trademarks             34,748       -       34,748  
Total indefinite-lived intangible assets           $ 45,860     $ -     $ 45,860  
                                 
Amortizable intangible assets:                                
Non-compete agreement     5     $ 200     $ (83 )   $ 117  
Customer relationships     15       3,500       (486 )     3,014  
Total amortizable intangible assets           $ 3,700     $ (569 )   $ 3,131  

 

The Company’s indefinite-lived and amortizable intangible assets as recorded in the Consolidated Condensed Balance Sheets (Unaudited) consisted of the following as of December 31, 2012:

 

          December 31, 2012  
    Weighted     Gross              
    Average     Carrying     Accumulated        
    Life (Yrs)     Amount     Amortization     Net  
          (Dollars in thousands)  
Indefinite-lived intangible assets:                                
Goodwill           $ 11,112     $ -     $ 11,112  
Trademarks             34,748       -       34,748  
Total indefinite-lived intangible assets           $ 45,860     $ -     $ 45,860  
                                 
Amortizable intangible assets:                                
Non-compete agreement     5     $ 200     $ (73 )   $ 127  
Customer relationships     15       3,500       (428 )     3,072  
Total amortizable intangible assets           $ 3,700     $ (501 )   $ 3,199  

 

The Company’s amortizable intangible assets are included within other assets in the Consolidated Condensed Balance Sheets (Unaudited).