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 |
|