| Schedule of Finite-Lived Intangible Assets |
Intangible assets, net at March 31, 2016, consisted of the following (in thousands):
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March 31, 2016 |
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Weighted Average Useful Lives |
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Gross Carrying Value |
Accumulated Amortization |
Net Carrying Value |
Intangible assets: |
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Definite life: |
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Existing technology - software |
5.8 years |
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$ |
24,475 |
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$ |
4,034 |
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$ |
20,441 |
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Existing technology - games |
5 years |
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12,331 |
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7,809 |
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4,522 |
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Developed technology |
8 years |
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7,317 |
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2,287 |
|
5,030 |
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Customer relationships |
7.5 years |
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133,653 |
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55,533 |
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78,120 |
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Other |
3.7 years |
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7,416 |
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5,293 |
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2,123 |
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Content library (acquired in Business Combination) |
1.5 years |
(1) |
14,298 |
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14,298 |
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— |
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Content library (acquired post Business Combination) |
1.5 years |
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54,780 |
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35,334 |
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19,446 |
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Total intangible assets |
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$ |
254,270 |
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$ |
124,588 |
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$ |
129,682 |
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December 31, 2015 |
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Weighted Average Useful Lives |
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Gross Carrying Value |
Accumulated Amortization |
Net Carrying Value |
Intangible assets: |
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Definite life: |
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Existing technology - software |
5.8 years |
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$ |
24,474 |
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$ |
2,978 |
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$ |
21,496 |
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Existing technology - games |
5.0 years |
|
12,331 |
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7,193 |
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5,138 |
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Developed technology |
8.0 years |
|
7,317 |
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2,058 |
|
5,259 |
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Customer relationships |
7.5 years |
|
133,566 |
|
50,184 |
|
83,382 |
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Other |
3.7 years |
|
7,399 |
|
4,991 |
|
2,408 |
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Content library (acquired in Business Combination) |
1.5 years |
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14,298 |
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14,298 |
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— |
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Content library (acquired post Business Combination) |
1.5 years |
(1) |
49,599 |
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33,515 |
|
16,084 |
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Total intangible assets |
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$ |
248,984 |
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$ |
115,217 |
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$ |
133,767 |
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(1) Useful estimate based upon the content library acquired in the business combination in which the Company acquired Row 44, Inc. ("Row 44") and 86% of the shares of Advanced Inflight Alliance AG ("AIA") (the "Business Combination"), which approximates historical experience.
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| Schedule of Finite-Lived Intangible Assets, Amortization Expense |
The Company expects to record amortization of the intangible assets as follows (in thousands):
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Year ending December 31,
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Amount |
2016 (remaining nine months) |
$ |
33,802 |
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2017 |
32,409 |
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2018 |
21,524 |
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2019 |
15,834 |
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2020 |
14,363 |
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Thereafter |
11,750 |
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Total |
$ |
129,682 |
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