| Schedule of Finite-Lived Intangible Assets |
Intangible assets, net at June 30, 2015, consisted of the following (in thousands, except for useful lives):
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June 30, 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 |
|
$ |
(889 |
) |
$ |
1,686 |
|
Existing technology - games |
5 years |
|
12,331 |
|
(5,960 |
) |
6,371 |
|
Developed technology |
8 years |
|
7,317 |
|
(1,601 |
) |
5,716 |
|
Customer relationships |
7.2 years |
|
119,879 |
|
(39,722 |
) |
80,157 |
|
Other |
2.5 years |
|
7,264 |
|
(4,224 |
) |
3,040 |
|
Content library (acquired in the Business Combination) |
1.5 years |
|
14,298 |
|
(14,298 |
) |
— |
|
Content library (acquired post Business Combination) |
1.5 years |
(1) |
36,349 |
|
(23,802 |
) |
12,547 |
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|
|
|
$ |
200,013 |
|
$ |
(90,496 |
) |
$ |
109,517 |
|
Currency translation adjustment |
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|
|
|
(197 |
) |
Total intangible assets |
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|
|
|
$ |
109,320 |
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Intangible assets, net at December 31, 2014, consisted of the following (in thousands, except for useful lives):
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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 |
|
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 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,
|
Amount |
2015 (remaining six months) |
$ |
16,247 |
|
2016 |
30,235 |
|
2017 |
19,476 |
|
2018 |
15,871 |
|
2019 |
10,992 |
|
Thereafter |
16,499 |
|
Total |
$ |
109,320 |
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