Schedule of Finite-Lived Intangible Assets |
Intangible assets, net consisted of the following as of December 31, 2015 and December 31, 2014 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015 |
|
Weighted Average Useful Lives |
|
Gross Carrying Value |
|
Accumulated Amortization |
|
Net Carrying Value |
Intangible assets: |
|
|
|
|
|
|
|
Finite life: |
|
|
|
|
|
|
|
Existing technology - software |
5.8 years |
|
$ |
24,474 |
|
|
$ |
2,978 |
|
|
$ |
21,496 |
|
Existing technology - games |
5 years |
|
12,331 |
|
|
7,193 |
|
|
5,138 |
|
Developed technology |
8 years |
|
7,317 |
|
|
2,058 |
|
|
5,259 |
|
Customer relationships |
7.5 years |
|
133,566 |
|
|
50,184 |
|
|
83,382 |
|
Other |
3.7 years |
|
7,399 |
|
|
4,991 |
|
|
2,408 |
|
Content library (acquired in business combination) |
1.5 years |
|
14,298 |
|
|
14,298 |
|
|
— |
|
Content library (acquired post business combination) |
1.5 years |
(1) |
49,599 |
|
|
33,515 |
|
|
16,084 |
|
Total intangible assets |
|
|
$ |
248,984 |
|
|
$ |
115,217 |
|
|
$ |
133,767 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2014 |
|
Weighted Average Useful Lives |
|
Gross Carrying Value |
|
Accumulated Amortization |
|
Net Carrying Value |
Intangible assets: |
|
|
|
|
|
|
|
Finite 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 |
2016 |
$ |
39,015 |
|
2017 |
31,294 |
|
2018 |
21,526 |
|
2019 |
15,834 |
|
2020 |
14,363 |
|
Thereafter |
11,735 |
|
Total |
$ |
133,767 |
|
|