Other Intangible Assets and Goodwill

3 Months Ended

Mar. 31, 2012

Other Intangible Assets and Goodwill [Abstract]

3.	Other Intangible Assets and Goodwill

Newspaper mastheads (newspaper titles and Web site domain names) are not subject to amortization and are tested for impairment annually or more frequently if events or changes in circumstances indicate that the asset might be impaired.

The impairment test consists of a comparison of the fair value of the Company's mastheads with their carrying amount. The Company performed impairment tests on its newspaper mastheads as of December 31, 2011 and no impairment loss was recognized.

Intangible assets subject to amortization (primarily advertiser and subscriber lists) are tested for recoverability whenever events or change in circumstances indicate that their carrying amounts may not be recoverable. The carrying amount of each asset group is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use of such asset group. The facts and circumstances indicating possible impairment of the finite-lived intangible assets existed; therefore the Company performed impairment tests on these long-lived assets as of December 31, 2011. The Company's analysis resulted in no impairments of long-lived assets held for future use.

Intangible assets acquired (subscriber lists, non-compete agreements and other assets) are amortized over their estimated useful lives (from 5 to 20 years).

Amortization expense of other intangible assets totaled $66 and $85 for the three-month periods ended March 31, 2012 and 2011, The remaining expense for the last nine months of 2012 and for the four succeeding years for the existing finite-lived intangible assets is estimated as follows:

	Amortization Expense
2012	$	198
2013		254
2014		146
2015		119
2016		119

Changes in the carrying amounts of other intangibles of the Company for the three months ended March 31, 2012 were as follows:

	Other intangible assets

Balance at December 31, 2011	$	5,665
Additions		-
Amortization expense		(66	)
Balance at March 31, 2012	$	5,599

Other finite-lived and indefinite-lived intangible assets at March 31, 2012 and December 31, 2011 were as follows:

	Cost		Accumulated amortization		Net cost

March 31, 2012:

Finite-lived intangible assets
Subscriber lists	$	4,365	$	3,068	$	1,297
Non-compete agreements and other assets		50		50		-
Total finite-lived intangible assets		4,415		3,118		1,297

Indefinite-lived intangible assets
Newspaper mastheads		5,031		792		4,239
Domain names		75		12		63
Total indefinite-lived intangible assets		5,106		804		4,302

Total other intangible assets	$	9,521	$	3,922	$	5,599

December 31, 2011:

Finite-lived intangible assets
Subscriber lists	$	4,365	$	3,002	$	1,363
Non-compete agreements and other assets		50		50		-
Total finite-lived intangible assets		4,415		3,052		1,363

Indefinite-lived intangible assets
Newspaper mastheads		5,031		792		4,239
Domain names		75		12		63
Total indefinite-lived intangible assets		5,106		804		4,302

Total other intangible assets	$	9,521	$	3,856	$	5,665

- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References+ Details

MORRIS PUBLISHING GROUP LLC 10-Q