Goodwill and Intangible Assets
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Jun. 30, 2012
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Goodwill and Intangible Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill and Intangible Assets |
(8) Goodwill and Intangible Assets
There were no changes in goodwill for the six months ended June 30, 2012. Goodwill by operating segment as of December 31, 2011 and June 30, 2012 is as follows (in thousands):
Intangible assets consist of the value of contract-related intangible assets and trade names acquired in the acquisitions of Integrated Concepts and Research Corporation ("ICRC"), G&B Solutions, Inc. ("G&B"), Akimeka, LLC ("Akimeka") and WBI. Intangible assets with indefinite lives, not subject to amortization, consist of ICRC and G&B trade names of approximately $2.4 million as of June 30, 2012 and December 31, 2011. The trade names acquired in the Akimeka and WBI acquisitions are being amortized over nine years. Amortization expense for the three- and six- months ended June 30, 2012 was approximately $2.8 million and $5.6 million, respectively. Amortization expense for the three-and six-months ended June 30, 2011 was approximately $1.4 million and $2.3 million, respectively.
Intangible assets were comprised of the following (in thousands):
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