| Schedule of Finite-Lived Intangible Assets |
Intangible assets, net at March 31, 2015, consisted of the following (in thousands):
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March 31, 2015 |
|
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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|
|
|
|
Existing technology - software |
7 years |
|
$ |
2,575 |
|
$ |
(797 |
) |
$ |
1,778 |
|
Existing technology - games |
5 years |
|
12,331 |
|
(5,343 |
) |
6,988 |
|
Developed technology |
8 years |
|
7,317 |
|
(1,372 |
) |
5,945 |
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Customer relationships |
7.2 years |
|
119,879 |
|
(35,143 |
) |
84,736 |
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Other |
2.5 years |
|
7,310 |
|
(3,800 |
) |
3,510 |
|
Content library (acquired post Business Combination) |
1.5 years |
(1) |
34,735 |
|
(22,278 |
) |
12,457 |
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Content library (acquired in the Business Combination) |
1.5 years |
|
14,298 |
|
(14,298 |
) |
— |
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|
$ |
198,445 |
|
$ |
(83,031 |
) |
$ |
115,414 |
|
Currency translation adjustment |
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|
(130 |
) |
Total intangible assets |
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$ |
115,284 |
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December 31, 2014 |
|
Weighted Average Useful Lives |
|
Gross Carrying Value |
Accumulated Amortization |
Net Carrying Value |
Intangible assets: |
|
|
|
|
|
Definite life: |
|
|
|
|
|
Existing technology - software |
7 years |
|
$ |
2,575 |
|
$ |
(705 |
) |
$ |
1,870 |
|
Existing technology - games |
5 years |
|
12,331 |
|
(4,727 |
) |
7,604 |
|
Developed technology |
8 years |
|
7,317 |
|
(1,143 |
) |
6,174 |
|
Customer relationships |
7.2 years |
|
119,879 |
|
(30,437 |
) |
89,442 |
|
Other |
2.5 years |
|
7,319 |
|
(3,448 |
) |
3,871 |
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Content library (acquired in Business Combination) |
1.5 years |
|
14,298 |
|
(14,148 |
) |
150 |
|
Content library (acquired post Business Combination) |
1.5 years |
(1) |
31,949 |
|
(18,586 |
) |
13,363 |
|
Total intangible assets |
|
|
$ |
195,668 |
|
$ |
(73,194 |
) |
$ |
122,474 |
|
(1) Useful 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,
|
Amount |
2015 (remaining nine months) |
$ |
26,927 |
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2016 |
25,505 |
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2017 |
19,481 |
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2018 |
15,874 |
|
2019 |
10,992 |
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Thereafter |
16,505 |
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Total |
$ |
115,284 |
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