BMI » Topics » Intangible Assets

These excerpts taken from the BMI 10-K filed Mar 4, 2009.
Intangible Assets
 
The Company owns or controls many patents, trademarks and trade names, directly and through license agreements, in the United States and other countries that relate to its products and technologies. No single patent, trademark, trade name or license is material to the Company’s business as a whole. During 2008, the Company acquired the North American rights for the Galaxy® fixed network AMI technology for $25.7 million.
 
Intangible
Assets



 



The Company owns or controls many patents, trademarks and trade
names, directly and through license agreements, in the United
States and other countries that relate to its products and
technologies. No single patent, trademark, trade name or license
is material to the Company’s business as a whole. During
2008, the Company acquired the North American rights for the
Galaxy®

fixed network AMI technology for $25.7 million.


 




Intangible Assets
 
Intangible assets are amortized on a straight-line basis over their estimated useful lives ranging from 5.5 to 20 years. The Company does not have any intangible assets deemed to have indefinite lives. Amortization expense expected to be recognized is $1.4 million in each of the subsequent five years beginning with 2009. The increase in the technology and non-compete agreement intangibles in 2008 was due to the acquisition of the North American rights for the Galaxy® fixed network AMI technology for $25.7 million. The carrying value and accumulated amortization by major class of intangible assets are as follows:
 
                                 
    December 31, 2008     December 31, 2007  
    Gross carrying
    Accumulated
    Gross carrying
    Accumulated
 
    amount     amortization     amount     amortization  
    (In thousands)  
 
Technologies
  $ 24,472     $ 1,439     $ 572     $ 518  
Non-compete agreement
    1,750       131              
Licenses
    700       372       700       342  
Trademarks
    150       100       150       85  
                                 
Total intangibles
  $ 27,072     $ 2,042     $ 1,422     $ 945  
                                 
 
Intangible
Assets



 



Intangible assets are amortized on a straight-line basis over
their estimated useful lives ranging from 5.5 to 20 years.
The Company does not have any intangible assets deemed to have
indefinite lives. Amortization expense expected to be recognized
is $1.4 million in each of the subsequent five years
beginning with 2009. The increase in the technology and
non-compete agreement intangibles in 2008 was due to the
acquisition of the North American rights for the
Galaxy®

fixed network AMI technology for $25.7 million. The
carrying value and accumulated amortization by major class of
intangible assets are as follows:


 













































































































































































































                                 

 

 

December 31, 2008

 

 

December 31, 2007

 

 

 

Gross carrying



 

 

Accumulated



 

 

Gross carrying



 

 

Accumulated



 

 

 

amount

 

 

amortization

 

 

amount

 

 

amortization

 

 

 

(In thousands)

 
 


Technologies


 

$

24,472

 

 

$

1,439

 

 

$

572

 

 

$

518

 


Non-compete agreement


 

 

1,750

 

 

 

131

 

 

 



 

 

 



 


Licenses


 

 

700

 

 

 

372

 

 

 

700

 

 

 

342

 


Trademarks


 

 

150

 

 

 

100

 

 

 

150

 

 

 

85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Total intangibles


 

$

27,072

 

 

$

2,042

 

 

$

1,422

 

 

$

945

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 






 




These excerpts taken from the BMI 10-K filed Feb 28, 2008.
Intangible Assets
 
Intangible assets are amortized on a straight-line basis over their estimated useful lives ranging from 5.5 to 10 years. The Company does not have any intangible assets deemed to have indefinite lives. Amortization expense expected to be recognized is $104,000 in each of 2008 and 2009, $83,000 in 2010, $79,000 in 2011 and $69,000 in 2012. The carrying value and accumulated amortization by major class of intangible assets are as follows:
 
                                 
    December 31, 2007     December 31, 2006  
    Gross carrying
    Accumulated
    Gross carrying
    Accumulated
 
    amount     amortization     amount     amortization  
    (In thousands)  
 
Technologies
  $ 572     $ 518     $ 572     $ 447  
Licenses
    700       342       700       269  
Trademarks
    150       85       150       70  
                                 
Total intangibles
  $ 1,422     $ 945     $ 1,422     $ 786  
                                 
 
Intangible
Assets



 



Intangible assets are amortized on a straight-line basis over
their estimated useful lives ranging from 5.5 to 10 years.
The Company does not have any intangible assets deemed to have
indefinite lives. Amortization expense expected to be recognized
is $104,000 in each of 2008 and 2009, $83,000 in 2010, $79,000
in 2011 and $69,000 in 2012. The carrying value and accumulated
amortization by major class of intangible assets are as follows:


 


























































































































































































                                 

 

 

December 31, 2007

 

 

December 31, 2006

 

 

 

Gross carrying



 

 

Accumulated



 

 

Gross carrying



 

 

Accumulated



 

 

 

amount

 

 

amortization

 

 

amount

 

 

amortization

 

 

 

(In thousands)

 
 


Technologies


 

$

572

 

 

$

518

 

 

$

572

 

 

$

447

 


Licenses


 

 

700

 

 

 

342

 

 

 

700

 

 

 

269

 


Trademarks


 

 

150

 

 

 

85

 

 

 

150

 

 

 

70

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Total intangibles


 

$

1,422

 

 

$

945

 

 

$

1,422

 

 

$

786

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 






 




This excerpt taken from the BMI 10-K filed Mar 6, 2007.
Intangible Assets
 
Intangible assets are amortized on a straight-line basis over their estimated useful lives ranging from 5.5 to 10 years. The Company does not have any intangible assets deemed to have indefinite lives. Amortization expense expected to be recognized is $158,000 in 2007, $104,000 each in 2008 and 2009, $83,000 in 2010, and $80,000 in 2011. The carrying value and accumulated amortization by major class of intangible assets are as follows:
 
                                 
    December 31, 2006     December 31, 2005  
    Gross carrying
    Accumulated
    Gross carrying
    Accumulated
 
    amount     amortization     amount     amortization  
    (In thousands)  
 
Technologies
  $ 572     $ 447     $ 572     $ 373  
Noncompete covenants
                100       83  
Licenses
    700       269       467       119  
Trademarks
    150       70       150       55  
                                 
Total intangibles
  $ 1,422     $ 786     $ 1,289     $ 630  
                                 
 

RELATED TOPICS for BMI:

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki