Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

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Intangible Assets
 3 Months Ended
Mar. 31, 2012
Intangible Assets [Abstract]  
Intangible Assets

Note D — Intangible Assets

 

            March 2012      December 2011  
Dollars in thousands    Weighted
Average
Amortization
Period 		     Cost      Accumulated
Amortization 		     Net
Carrying
Amount 		     Net
Carrying
Amount 		 

Amortizable intangible assets:

               

Customer relationships

      19 years       $ 618,523       $ 148,118       $ 470,405       $ 477,817   

License agreements

      24 years         183,917         61,594         122,323         124,239   

Trademarks and other

      8 years         19,392         8,097         11,295         11,934   
           

 

 

     

 

 

  

Amortizable intangible assets, net

               604,023         613,990   

Indefinite-lived intangible assets:

               

Trademarks and trade names

               2,352,289         2,344,473   
           

 

 

     

 

 

  

Intangible assets, net

             $ 2,956,312       $ 2,958,463   
           

 

 

     

 

 

  

Intangible assets are amortized using the following methods: customer relationships — accelerated methods; license agreements — accelerated and straight-line methods; trademarks and other — straight-line method.

Amortization of intangible assets for the first quarter of 2012 was $12.2 million and is expected to be $48.7 million for the year ended 2012. Estimated amortization expense for the years ending 2013 through 2016 is $46.3 million, $44.6 million, $42.8 million and $41.1 million, respectively.