Nautilus 2012 Annual Report Download - page 46

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Table of Contents
(5) PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment as of December 31, 2012 and 2011 consisted of the following (in thousands):
1
Work in progress includes internal use software development and production tooling construction in progress.
Depreciation expense was $1.2 million , $1.6 million and $4.5 million in 2012 , 2011 and 2010 , respectively.
(6) GOODWILL
No goodwill is assigned to the Retail reporting unit. Changes in goodwill of the Direct reporting unit in the years ended
December 31, 2012 and
2011 were as follows (in thousands):
(7) OTHER INTANGIBLE ASSETS
Intangible assets as of December 31, 2012 and 2011 consisted of the following (in thousands):
Amortization expense for intangible assets was $2.1 million for each of the years ended December 31, 2012 , 2011 and 2010 . Amortization
expense for intangible assets is expected to be approximately $2.1 million in 2013 and $2.0 million in 2014 , with the remaining $1.5 million
amortized over the six-year period from 2015 through 2020.
40
Estimated
Useful Life
(in years)
December 31,
2012 2011
Leasehold improvements 5 to 20
$
2,863
$
2,557
Computer equipment 3 to 5
36,107
36,872
Machinery and equipment 3 to 5
5,359
4,759
Furniture and fixtures 5
870
666
Work in progress
1
N/A
2,080
1,937
Total cost
47,279
46,791
Accumulated depreciation
(41,141
)
(42,386
)
Total property, plant and equipment, net
$
6,138
$
4,405
Goodwill
Balance, January 1, 2011
$
2,931
Currency exchange rate adjustment
(58
)
Balance, December 31, 2011
2,873
Currency exchange rate adjustment
67
Balance, December 31, 2012
$
2,940
Estimated
Useful Life
(in years)
December 31,
2012 2011
Indefinite life trademarks N/A
$
9,052
$
9,052
Patents 8 to
16
18,154
18,154
Total cost
27,206
27,206
Accumulated amortization - patents
(12,540
)
(10,490
)
Total other intangible assets, net
$
14,666
$
16,716