Annual report pursuant to section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

v2.4.0.8
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2012
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]  
Schedule of Goodwill

Goodwill (amounts in thousands)(1)
 
Treatment
   
Services
   
Total
 
Balance as of December 31, 2010
 
$
14,000
   
$
1,330
   
$
15,330
 
Goodwill recorded in connection with PFNWR Earn-Out
   
840
     
¾
     
840
 
Goodwill recorded in connection with SEC Acqusition
   
¾
     
13,016
     
13,016
 
Reassignment of goodwill from change in reporting unit
   
(1,149
)
   
1,149
     
¾
 
Balance as of December 31, 2011
   
13,691
     
15,495
     
29,186
 
Balance as of December 31, 2012
 
$
13,691
   
$
15,495
   
$
29,186
 

(1) No impairment losses have been recorded.

Roll Forward of Permit
The following table summarizes changes in the carrying amount of permits. No permit exists at our Services Segment. The Company currently has only one definite-lived permit, which is at our DSSI facility. This permit of approximately $545,000 was capitalized in 2009 in connection with the authorization issued by the U.S. EPA to our DSSI facility to commercially store and dispose of radioactive PCBs. This permit is being amortized over a ten year period in accordance with its estimated useful life.

Permit (amount in thousands)
 
Treatment
 
Balance as of December 31, 2010
 
$
16,863
 
PCB permit amortized
   
(55
)
Permits in progress
   
46
 
Balance as of December 31, 2011
   
16,854
 
PCB permit amortized
   
(55
)
Balance as of December 31, 2012
 
$
16,799
 

Other intangible assets
The following table summarizes information relating to the Company's other intangible assets:

       
December 31, 2012
   
December 31, 2011
 
 
 
Useful
   
Gross
         
Net
   
Gross
         
Net
 
 
 
Lives
   
Carrying
   
Accumulated
   
Carrying
   
Carrying
   
Accumulated
   
Carrying
 
 
 
(Years)
   
Amount
   
Amortization
   
Amount
   
Amount
   
Amortization
   
Amount
 
Intangibles (amount in thousands)
                                         
Patent
   
8-18
   
$
453
   
$
(105
)
 
$
348
   
$
402
   
$
(77
)
 
$
325
 
Software
   
3
     
380
     
(145
)
   
235
     
158
     
(66
)
   
92
 
Non-compete agreement
   
5
     
265
     
(62
)
   
203
     
265
     
(9
)
   
256
 
Customer contracts
   
0.5
     
565
     
(565
)
   
¾
     
790
     
(230
)
   
560
 
Customer relationships
   
12
     
3,370
     
(546
)
   
2,824
     
3,370
     
(86
)
   
3,284
 
Total
         
$
5,033
   
$
(1,423
)
 
$
3,610
   
$
4,985
   
$
(468
)
 
$
4,517
 

Summary of expected amortization over next five years
The following table summarizes the expected amortization over the next five years for our definite-lived intangible assets noted above and also includes the only one definite-lived permit, which is at our DSSI facility:

 
Amount
 
Year
 
(In thousands)
 
 
     
2013
 
$
645
 
2014
   
602
 
2015
   
506
 
2016
   
429
 
2017
   
354
 
 
 
$
2,536