Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, net

v2.4.0.8
Intangible Assets, net
 6 Months Ended
Jun. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, net
Intangible Assets, net

As a result of the Business Combination, the Company acquired definite-lived intangible assets that are primarily amortized on a straight-line basis. The Company's definite-lived intangible assets have assigned useful lives ranging from 1.5 to 8.5 years (weighted average of 7.2 years). The Company had no material indefinite-lived intangible assets at December 31, 2012.

Intangible assets, net at June 30, 2013, consisted of the following (in thousands):
 
 
June 30, 2013

Weighted Average Useful Lives
Gross Carrying Value
Accumulated Amortization
Net Carrying Value
Intangible assets:
 
 
 
 
Definite life:
 
 
 
 
Existing technology - software
8 years
$
2,460

$
(128
)
$
2,332

Existing technology - games
6 years
11,784

(818
)
10,966

IPR&D
8 years
6,993

—

6,993

Customer relationships
8.5 years
79,016

(3,593
)
75,423

Other
2 years
2,725

(469
)
2,256

Content library
1.5 years
20,659

(5,196
)
15,463

Total intangible assets
 
$
123,637

$
(10,204
)
$
113,433



Content library is classified on a standalone basis on the Company's June 30, 2013 condensed balance sheet. The Company expects to record amortization of the intangible assets as follows (in thousands):
Year ending December 31,       
Amount
2013 (6 months ended)
$
13,074

2014
23,613

2015
13,821

2016
12,841

2017
12,841

Thereafter
37,243

Total
$
113,433



The Company recorded amortization expense of $6.3 million and $0.0 million during the three months ended June 30, 2013 and 2012, respectively, and $10.4 million and $0.0 million during the six months ended June 30, 2013 and 2012, respectively.