Anuvu Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, net

Intangible Assets, net

6 Months Ended

Jun. 30, 2018

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 and the values of 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 (weighted average of 7.1 years).

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



		June 30, 2018
	Weighted Average Useful Lives (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Existing technology -- software	4.8	$	42,299	$	24,693	$	17,606
Developed technology	8.0	7,317		4,344		2,973
Customer relationships	8.1	166,616		92,848		73,768
Backlog	3.0	18,300		11,692		6,608
Other	5.0	2,391		1,687		704
Total		$	236,923	$	135,264	$	101,659



		December 31, 2017
	Weighted Average Useful Lives (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Existing technology -- software	4.8	$	42,999	$	20,209	$	22,790
Existing technology -- games	5.0	12,331		12,125		206
Developed technology	8.0	7,317		3,887		3,430
Customer relationships	7.9	170,716		85,160		85,556
Backlog	3.0	18,300		8,642		9,658
Other	4.5	2,746		1,804		942
Total		$	254,409	$	131,827	$	122,582

We expect to record amortization of intangible assets as follows (in thousands):



Year ending December 31,	Amount
2018 (remaining six months)	$	17,521
2019	28,647
2020	22,263
2021	13,824
2022	7,907
Thereafter	11,497
Total	$	101,659

We recorded amortization expense of $10.4 million and $10.9 million for the three months ended June 30, 2018 and 2017, respectively, and $20.9 million and $21.9 million for the six months ended June 30, 2018 and 2017, respectively.