Schedule of Finite-Lived Intangible Assets |
Intangible assets, net consisted of the following as of December 31, 2014 and December 31, 2013 (in thousands):
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December 31, 2014 |
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Weighted Average Useful Lives |
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Gross Carrying Value |
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Accumulated Amortization |
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Net Carrying Value |
Intangible assets: |
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Definite life: |
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Existing technology - software |
7 years |
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$ |
2,575 |
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$ |
705 |
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$ |
1,870 |
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Existing technology - games |
5 years |
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12,331 |
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|
4,727 |
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|
7,604 |
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Developed technology |
8 years |
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7,317 |
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|
1,143 |
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6,174 |
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Customer relationships |
7.2 years |
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119,879 |
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30,437 |
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|
89,442 |
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Other |
2.5 years |
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7,319 |
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|
3,448 |
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|
3,871 |
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Content library (acquired in business combination) |
1.5 years |
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14,298 |
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|
14,148 |
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|
150 |
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Content library (acquired post business combination) |
1.5 years |
(1) |
31,949 |
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|
18,586 |
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|
13,363 |
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Total intangible assets |
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$ |
195,668 |
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$ |
73,194 |
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$ |
122,474 |
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December 31, 2013 |
|
Weighted Average Useful Lives |
|
Gross Carrying Value |
|
Accumulated Amortization |
|
Net Carrying Value |
Intangible assets: |
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|
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|
|
Definite life: |
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|
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Existing technology - software |
7 years |
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$ |
2,575 |
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|
$ |
333 |
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$ |
2,242 |
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Existing technology - games |
5 years |
|
12,331 |
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|
2,041 |
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|
10,290 |
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Developed technology |
8 years |
|
7,317 |
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|
229 |
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|
7,088 |
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Customer relationships |
7.2 years |
|
119,879 |
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|
11,534 |
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|
108,345 |
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Other |
2.5 years |
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4,460 |
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|
1,353 |
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|
3,107 |
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Content library (acquired in business combination) |
1.5 years |
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14,298 |
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|
11,459 |
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|
2,839 |
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Content library (acquired post business combination) |
1.5 years |
(1) |
12,630 |
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|
3,564 |
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|
9,066 |
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Total intangible assets |
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$ |
173,490 |
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$ |
30,513 |
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$ |
142,977 |
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(1) Useful life estimate based upon the content library acquired in the business combination, which approximates historical experience.
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Schedule of Finite-Lived Intangible Assets, Amortization Expense |
The Company expects to record amortization of the intangible assets as follows (in thousands):
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Year ending December 31,
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Amount |
2015 |
$ |
33,974 |
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2016 |
25,679 |
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2017 |
19,464 |
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2018 |
15,874 |
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2019 |
10,992 |
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Thereafter |
16,491 |
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Total |
$ |
122,474 |
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