Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, net (Tables)

v3.3.0.814
Intangible Assets, net (Tables)
9 Months Ended
Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
Intangible assets, net at September 30, 2015, consisted of the following (in thousands, except for useful lives):
 
 
 
September 30, 2015
 
Weighted Average Useful Lives
 
Gross Carrying Value
Accumulated Amortization
Net Carrying Value
Intangible assets:
 
 
 
 
 
Definite life:
 
 
 
 
 
Existing technology - software
7 years
 
$
24,375

$
(1,721
)
$
22,654

Existing technology - games
5 years
 
12,331

(6,576
)
5,755

Developed technology
8 years
 
7,317

(1,829
)
5,488

Customer relationships
7.2 years
 
138,800

(44,923
)
93,877

Other
2.5 years
 
7,437

(4,628
)
2,809

Content library (acquired in the Business Combination)
1.5 years
 
14,298

(14,298
)

Content library (acquired post Business Combination)
1.5 years
(1) 
40,254

(24,974
)
15,280

 
 
 
$
244,812

$
(98,949
)
$
145,863

Currency translation adjustment
 
 
 
 

Total intangible assets
 
 
 
 
$
145,863


Intangible assets, net at December 31, 2014, consisted of the following (in thousands, except for useful lives):

 
 
 
December 31, 2014
 
Weighted Average Useful Lives
 
Gross Carrying Value
Accumulated Amortization
Net Carrying Value
Intangible assets:
 
 
 
 
 
Definite life:
 
 
 
 
 
Existing technology - software
7 years
 
$
2,575

$
(705
)
$
1,870

Existing technology - games
5 years
 
12,331

(4,727
)
7,604

Developed technology
8 years
 
7,317

(1,143
)
6,174

Customer relationships
7.2 years
 
119,879

(30,437
)
89,442

Other
2.5 years
 
7,319

(3,448
)
3,871

Content library (acquired in Business Combination)
1.5 years
 
14,298

(14,148
)
150

Content library (acquired post Business Combination)
1.5 years
(1)
31,949

(18,586
)
13,363

Total intangible assets
 
 
$
195,668

$
(73,194
)
$
122,474

    
(1) Useful life estimate based upon the content library acquired in the Business Combination, which approximates historical experience.
Schedule of Finite-Lived Intangible Assets, Amortization Expense
The Company expects to record amortization of the intangible assets as follows (in thousands):

Year ending December 31,       
Amount
2015 (remaining three months)
$
10,055

2016
37,629

2017
27,680

2018
21,531

2019
16,557

Thereafter
32,411

Total
$
145,863