CORVEL CORP | 2013 | FY | 3


Other intangible assets consist of the following at March 31, 2012:

 

                                     

Item

  Life   Cost     Fiscal 2012
Amortization
Expense
    Accumulated
Amortization at
March 31,

2012
    Cost, Net of
Accumulated
Amortization at
March 31,

2012
 

Covenant Not to Compete

  5 years   $ 775,000     $ 147,000     $ 661,000     $ 114,000  

Customer relationships

  18-20 years     7,922,000       423,000       2,031,000       5,891,000  

TPA Licenses

  15 years     204,000       14,000       63,000       141,000  
       

 

 

   

 

 

   

 

 

   

 

 

 

Total

      $ 8,901,000     $ 584,000     $ 2,755,000     $ 6,146,000  
       

 

 

   

 

 

   

 

 

   

 

 

 

Other intangible assets consist of the following at March 31, 2013:

 

                                     

Item

  Life   Cost     Fiscal 2013
Amortization
Expense
    Accumulated
Amortization
at March 31,
2013
    Cost, Net of
Accumulated
Amortization
at March 31,
2013
 

Covenant Not to Compete

  5 years   $ 775,000     $ 47,000     $ 708,000     $ 67,000  

Customer Relationships

  18-20 years     7,922,000       423,000       2,453,000       5,469,000  

TPA Licenses

  15 years     204,000       14,000       77,000       127,000  
       

 

 

   

 

 

   

 

 

   

 

 

 

Total

      $ 8,901,000     $ 484,000     $ 3,238,000     $ 5,663,000  
       

 

 

   

 

 

   

 

 

   

 

 

 

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