Anuvu Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Intangible Assets, net

Intangible Assets, net

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

As a result of historical business combinations, the Company acquired finite-lived intangible assets that are primarily amortized on a straight-line basis, which approximate their expected cash flow patterns. The Company’s finite-lived intangible assets have assigned useful lives ranging from 2.0 to 10.0 years.

Intangible assets, net, consisted of the following (in thousands):



		December 31, 2016
	Weighted Average Useful Lives	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Existing technology - software	4.8 years	$	43,019	$	9,842	$	33,177
Existing technology - games	5.0 years	12,331		9,659		2,672
Developed technology	8.0 years	7,317		2,973		4,344
Customer relationships	7.9 years	170,716		61,579		109,137
Backlog	3.0 years	18,300		2,542		15,758
Other	4.5 years	3,702		2,070		1,632
Total		$	255,385	$	88,665	$	166,720



		December 31, 2015
	Weighted Average Useful Lives	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
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
Total		$	185,087	$	67,403	$	117,684

The Company expects to record amortization of the intangible assets as follows (in thousands):



Year Ending December 31,	Amount
2017	$	44,001
2018	38,486
2019	28,691
2020	22,307
2021	13,826
Thereafter	19,409
Total	$	166,720

The Company recorded amortization expense of $35.6 million, $27.0 million and $24.6 million for the years ended December 31, 2016, 2015 and 2014, respectively. In addition, amortization expense of $0.2 million and $2.7 million from content library (acquired in business combination) is included in Cost of sales in the Consolidated Statements of Operations for the years ended December 31, 2015 and 2014, respectively.