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EXCEL - IDEA: XBRL DOCUMENT - OFFICIAL PAYMENTS HOLDINGS, INC.Financial_Report.xls
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EX-3.1 - RESTATED CERTIFICATE OF INCORPORATION, AS AMENDED - OFFICIAL PAYMENTS HOLDINGS, INC.exhibit31.htm
EX-31.1 - CEO CERTIFICATION 34 ACT - OFFICIAL PAYMENTS HOLDINGS, INC.exhibit311.htm
EX-31.2 - CFO CERTIFICATION 34 ACT - OFFICIAL PAYMENTS HOLDINGS, INC.exhibit312.htm
EX-32.1 - CEO CERTIFICAITON SOX - OFFICIAL PAYMENTS HOLDINGS, INC.exhibit321.htm
EX-32.2 - CFO CERTIFICAITON SOX - OFFICIAL PAYMENTS HOLDINGS, INC.exhibit322.htm
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GOODWILL AND OTHER INTANGIBLE ASSETS
3 Months Ended
Dec. 31, 2011
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS NOTE 6—GOODWILL AND OTHER INTANGIBLE ASSETS
 
GOODWILL
 
As a result of our acquisition of substantially all of the assets of ChoicePay, Inc. in January 2009, ChoicePay, Inc. has the potential to receive an earn out of up to $2.0 million through December 31, 2013, based upon a percentage of the gross profits generated by specific client contracts.  Any earn out is recorded as additional goodwill associated with the asset acquisition.  The following table summarizes changes in the carrying amount of goodwill during the three months ended December 31, 2011.
 
(in thousands)
 
Payment Solutions
  
Total
 
Balance at September 30, 2011
 $17,460  $17,460 
ChoicePay, Inc. earn out
  29   29 
Balance at December 31, 2011
 $17,489  $17,489 
 
As a general practice, we test goodwill for impairment during the fourth quarter of each fiscal year at the reporting unit level using a fair value approach.  If an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value, we would evaluate goodwill for impairment between annual tests.  No such events occurred during the three months ended December 31, 2011.
 
 
OTHER INTANGIBLE ASSETS, NET
 
Currently, all of our other intangible assets are included in our Continuing Operations.  We test our other intangible assets for impairment when an event occurs or circumstances change that would more likely than not reduce the fair value of the assets below the carrying value.  No such events occurred during the three months ended December 31, 2011.  The following table summarizes Other intangible assets, net, for our Continuing Operations:
 
     
December 31, 2011
  
September 30, 2011
 
(in thousands)
Amortization period
 
Gross
  
Accumulated amortization
  
Net
  
Gross
  
Accumulated amortization
  
Net
 
Client relationships
8-10 years
 $26,059  $(23,765) $2,294  $26,059  $(23,083) $2,976 
Technology and research and development
5 years
  1,842   (1,244)  598   1,842   (1,160)  682 
Trademarks
6-10 years
  3,463   (3,178)  285   3,463   (3,084)  379 
Other intangible assets, net
   $31,364  $(28,187) $3,177  $31,364  $(27,327) $4,037 
 
During each of the three months ended December 31, 2011 and 2010, we recognized $0.9 million of amortization expense on our other intangible assets.