Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v2.4.0.6
Goodwill and Intangible Assets
3 Months Ended
Dec. 31, 2011
Goodwill and Intangible Assets  
Goodwill and Intangible Assets

7. Goodwill and Intangible Assets

 

The changes in goodwill for the three months ended December 31, 2011 are as follows (in thousands):

 

 

 

Health Services

 

Human Services

 

Total

 

Balance as of September 30, 2011

 

$

43,242

 

$

28,081

 

$

71,323

 

Foreign currency translation

 

95

 

602

 

697

 

Balance as of December 31, 2011

 

$

43,337

 

$

28,683

 

$

72,020

 

 

The following table sets forth the components of intangible assets (in thousands):

 

 

 

As of December 31, 2011

 

As of September 30, 2011

 

 

 

Cost

 

Accumulated
Amortization

 

Intangible
Assets, net

 

Cost

 

Accumulated
Amortization

 

Intangible
Assets, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Technology-based intangible assets

 

$

7,194

 

$

4,219

 

$

2,975

 

$

7,146

 

$

4,097

 

$

3,049

 

Customer contracts and relationships

 

3,483

 

1,669

 

1,814

 

3,454

 

1,513

 

1,941

 

Trademark

 

627

 

118

 

509

 

620

 

102

 

518

 

Non-compete arrangements

 

245

 

116

 

129

 

242

 

99

 

143

 

Total

 

$

11,549

 

$

6,122

 

$

5,427

 

$

11,462

 

$

5,811

 

$

5,651

 

 

The intangible assets include $3.4 million of fully-amortized technology-based assets still in use by the Company. The Company’s intangible assets have a weighted average remaining life of 6.2 years, comprising 6.6 years for technology-based intangible assets, 5.3 years for customer contracts and relationships, 8.1 years for the trademark, and 2.1 years for non-compete arrangements. Amortization expense for the three months ended December 31, 2011 was $0.3 million. Future amortization expense is estimated as follows (in thousands):

 

Nine months ended September 30, 2012

 

$

862

 

Year ended September 30, 2013

 

1,073

 

Year ended September 30, 2014

 

707

 

Year ended September 30, 2015

 

686

 

Year ended September 30, 2016

 

686

 

Year ended September 30, 2017

 

686

 

Thereafter

 

727

 

Total

 

$

5,427