| Schedule of Finite-Lived Intangible Assets |
Content library and intangible assets, net at June 30, 2016, consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Useful Lives |
|
Gross Carrying Value |
|
Accumulated Amortization |
|
Net Carrying Value |
Intangible assets: |
|
|
|
|
|
|
|
Definite life: |
|
|
|
|
|
|
|
Existing technology - software |
5.8 years |
|
$ |
24,475 |
|
|
$ |
5,160 |
|
|
$ |
19,315 |
|
Existing technology - games |
5 years |
|
12,331 |
|
|
8,426 |
|
|
3,905 |
|
Developed technology |
8 years |
|
7,317 |
|
|
2,515 |
|
|
4,802 |
|
Customer relationships |
7.5 years |
|
133,637 |
|
|
60,821 |
|
|
72,816 |
|
Other |
3.7 years |
|
7,414 |
|
|
5,657 |
|
|
1,757 |
|
Content library (acquired in Business Combination) |
1.5 years |
(1) |
14,298 |
|
|
14,298 |
|
|
— |
|
Content library (acquired post Business Combination) |
1.5 years |
|
57,844 |
|
|
37,315 |
|
|
20,529 |
|
Total intangible assets |
|
|
$ |
257,316 |
|
|
$ |
134,192 |
|
|
$ |
123,124 |
|
Content library and intangible assets, net at December 31, 2015, consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Useful Lives |
|
Gross Carrying Value |
|
Accumulated Amortization |
|
Net Carrying Value |
Intangible assets: |
|
|
|
|
|
|
|
Definite life: |
|
|
|
|
|
|
|
Existing technology - software |
5.8 years |
|
$ |
24,474 |
|
|
$ |
2,978 |
|
|
$ |
21,496 |
|
Existing technology - games |
5.0 years |
|
12,331 |
|
|
7,193 |
|
|
5,138 |
|
Developed technology |
8.0 years |
|
7,317 |
|
|
2,058 |
|
|
5,259 |
|
Customer relationships |
7.5 years |
|
133,566 |
|
|
50,184 |
|
|
83,382 |
|
Other |
3.7 years |
|
7,399 |
|
|
4,990 |
|
|
2,409 |
|
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 |
|
|
33,516 |
|
|
16,083 |
|
Total intangible assets |
|
|
$ |
248,984 |
|
|
$ |
115,217 |
|
|
$ |
133,767 |
|
(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"), which approximates historical experience.
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| Schedule of Finite-Lived Intangible Assets, Amortization Expense |
The Company expects to record amortization of the content library and intangible assets as follows (in thousands):
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|
|
|
|
Year ending December 31,
|
Amount |
2016 (remaining six months) |
$ |
20,088 |
|
2017 |
39,564 |
|
2018 |
21,523 |
|
2019 |
15,834 |
|
2020 |
14,362 |
|
Thereafter |
11,753 |
|
Total |
$ |
123,124 |
|
|