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, 2017

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



		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

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



Year Ending December 31,	Amount
2018	$	38,443
2019	28,647
2020	22,263
2021	13,824
2022	7,907
Thereafter	11,498
Total	$	122,582

The Company recorded amortization expense of $44.0 million, $35.6 million and $27.0 million for the years ended December 31, 2017, 2016 and 2015, respectively. In addition, amortization expense of $0.2 million from content library (acquired in a business combination) is included in cost of sales in the Consolidated Statements of Operations for the year ended December 31, 2015.