| Schedule of Finite-Lived Intangible Assets |
ntangible assets, net at September 30, 2016, consisted of the following (dollars in thousands):
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|
|
|
|
|
|
|
|
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|
|
|
|
Weighted Average Useful Lives (Years) |
|
Gross Carrying Value |
|
Accumulated Amortization |
|
Net Carrying Value |
Intangible assets: |
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|
|
|
|
|
|
Definite life: |
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|
|
|
|
|
|
Existing technology - software |
7.0 |
|
$ |
46,275 |
|
|
$ |
6,856 |
|
|
$ |
39,419 |
|
Existing technology - games |
5.0 |
|
12,331 |
|
|
9,042 |
|
|
3,289 |
|
Developed technology |
8.0 |
|
7,317 |
|
|
2,745 |
|
|
4,572 |
|
Customer relationships |
9.0 |
|
152,721 |
|
|
65,463 |
|
|
87,258 |
|
Vendor agreements |
9.0 |
|
91,800 |
|
|
1,701 |
|
|
90,099 |
|
Other |
4.0 |
|
9,612 |
|
|
5,916 |
|
|
3,696 |
|
Content library (acquired in Business Combination) |
1.5 |
(1) |
14,298 |
|
|
14,298 |
|
|
— |
|
Total intangible assets |
|
|
$ |
334,354 |
|
|
$ |
106,021 |
|
|
$ |
228,333 |
|
Intangible assets, net at December 31, 2015, consisted of the following (dollars in thousands):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Useful Lives (Years) |
|
Gross Carrying Value |
|
Accumulated Amortization |
|
Net Carrying Value |
Intangible assets: |
|
|
|
|
|
|
|
Definite life: |
|
|
|
|
|
|
|
Existing technology - software |
5.8 |
|
$ |
24,474 |
|
|
$ |
2,978 |
|
|
$ |
21,496 |
|
Existing technology - games |
5.0 |
|
12,331 |
|
|
7,193 |
|
|
5,138 |
|
Developed technology |
8.0 |
|
7,317 |
|
|
2,058 |
|
|
5,259 |
|
Customer relationships |
7.5 |
|
133,566 |
|
|
50,184 |
|
|
83,382 |
|
Other |
3.7 |
|
7,399 |
|
|
4,990 |
|
|
2,409 |
|
Content library (acquired in Business Combination) |
1.5 |
|
14,298 |
|
|
14,298 |
|
|
— |
|
Total intangible assets |
|
|
$ |
199,385 |
|
|
$ |
81,701 |
|
|
$ |
117,684 |
|
|
|
(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 three months) |
$ |
10,418 |
|
2017 |
41,204 |
|
2018 |
36,803 |
|
2019 |
31,113 |
|
2020 |
29,641 |
|
Thereafter |
79,154 |
|
Total |
$ |
228,333 |
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