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INTERMEDIX HOLDINGS INC. AND SUBSIDIARIES <br />Notes to Consolidated Financial Statements <br />December 31, 2010 <br />(7) Property and Equipment, net <br />Property and equipment, at cost and respective estimated useful lives, are classified as follows at <br />December 31, 2010 (in thousands): <br />Land <br />$ 640 <br />Building <br />4,672 <br />27 years <br />Equipment <br />3,925 <br />3 years <br />Clinical field data systems <br />2,817 <br />3 years <br />Furniture and fixtures <br />654 <br />5 — 7 years <br />Leasehold improvements <br />739 <br />(a) <br />Total <br />13,447 <br />Cost: <br />Less accumulated depreciation and amortization <br />(1,397) <br />$ 12,050 <br />15 $ <br />(a) The lesser of the lease term or the economic useful life of the improvements. <br />Depreciation and amortization expense related to property and equipment was $1.4 million and <br />$2.0 million for the Successor and Predecessor periods, respectively. <br />(8) Intangible Assets, net <br />Intangible assets, all of which are subject to amortization, consisted of the following at December 31, 2010 <br />(in thousands): <br />18 (Continued) <br />Weighted <br />average <br />Less <br />useful <br />accumulated <br />life in years <br />Cost <br />amortization <br />Net <br />Cost: <br />Customer - related <br />15 $ <br />244,400 <br />(6,090) <br />238,310 <br />Technology -based <br />5 <br />35,860 <br />(3,163) <br />32,697 <br />Marketing -based <br />13 <br />10,300 <br />(318) <br />9,982 <br />13 $ <br />290,560 <br />(9,571) <br />280,989 <br />18 (Continued) <br />