This excerpt taken from the CSS 10-K filed Jun 5, 2007.
(2) GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill and other indefinite lived intangible assets are subject to fair-value based impairment tests performed, at a minimum, on an annual basis. The Company performs its annual assessment of impairment in the fourth fiscal quarter. These impairment tests are conducted on each reporting unit of the Company, and may require two steps. For goodwill, the initial step is designed to identify potential impairment by comparing an estimate of the fair value for each applicable reporting unit to its respective carrying value. For those reporting units where the carrying value exceeds its fair value, a second step is performed to measure the amount of goodwill impairment, if any. With respect to indefinite lived intangible assets, the impairment test is performed by comparing the fair value of the intangible to its carrying value. In the fourth quarter of fiscal 2007, 2006 and 2005, the Company performed the required annual impairment test of the carrying amount of goodwill and indefinite lived intangible assets and determined that no impairment existed.
The carrying amount of goodwill was $30,952,000 at March 31, 2007. In addition to goodwill, the Company has $4,290,000 of other intangible assets relating to trade names that are not subject to amortization and $38,000 of other intangible assets, net of accumulated amortization of $619,000, relating primarily to a covenant not to compete that is being amortized over five years. Accumulated amortization at March 31, 2007 and 2006 was $619,000 and $525,000 respectively, and amortization expense was $94,000 for fiscal 2007, $94,000 for fiscal 2006 and $151,000 for fiscal 2005. The aggregate estimated amortization expense for intangible assets remaining as of March 31, 2007 is $38,000 in fiscal 2008.