Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

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Intangible Assets
 6 Months Ended
Jun. 30, 2012
Intangible Assets

Note D — Intangible Assets

 

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

Amortizable intangible assets:

               

Customer relationships

      19 years       $ 613,210       $ 154,960       $ 458,250       $ 477,817   

License agreements

      24 years         183,527         63,551         119,976         124,239   

Trademarks and other

      8 years         19,292         8,718         10,574         11,934   
           

 

 

     

 

 

  

Amortizable intangible assets, net

               588,800         613,990   

Indefinite-lived intangible assets:

               

Trademarks and trade names

               2,339,511         2,344,473   
           

 

 

     

 

 

  

Intangible assets, net

             $ 2,928,311       $ 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 second quarter and first six months of 2012 was $12.0 million and $24.2 million, respectively, and is expected to be $47.9 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.