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, 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, 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, 2018
	Weighted Average Useful Lives	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Existing technology - software	5.2 years	$	36,799	$	23,114	$	13,685
Developed technology	8.0 years	7,317		4,802		2,515
Customer relationships	8.7 years	138,358		74,558		63,800
Backlog	3.0 years	18,300		14,742		3,558
Other	5.1 years	1,249		671		578
Total		$	202,023	$	117,887	$	84,136



		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

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



Year Ending December 31,	Amount
2019	$	28,647
2020	22,263
2021	13,824
2022	7,907
2023	6,890
Thereafter	4,605
Total	$	84,136

The Company recorded amortization expense of $38.4 million, $44.0 million, and $35.6 million for the years ended December 31, 2018, 2017 and 2016, respectively.