Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.7.0.1
Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in the carrying amount of goodwill The changes in the carrying amount of goodwill for the three months ended March 31, 2017, are as follows:

 
Goodwill
 
(in thousands)
Balance as of December 31, 2016
$
306,691

Effect of currency translation adjustment and immaterial adjustments to fair value
(270
)
Balance as of March 31, 2017
$
306,421

Summary of gross carrying amounts and accumulated amortization of intangible assets - finite lived The following summarizes information regarding the gross carrying amounts and accumulated amortization of intangible assets.
 
 
As of December 31, 2016
 
As of March 31, 2017
 
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Value
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Value
 
 
(in thousands)
 
(in thousands)
Finite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
Patents
 
$
8,030

 
$
(2,556
)
 
$
5,474

 
$
8,030

 
$
(2,740
)
 
$
5,290

Developed technology
 
56,162

 
(13,599
)
 
42,563

 
56,162

 
(16,681
)
 
39,481

Customer relationships—clients
 
37,399

 
(5,487
)
 
31,912

 
37,399

 
(6,664
)
 
30,735

Customer relationships—users
 
1,940

 
(1,288
)
 
652

 
1,940

 
(1,531
)
 
409

Trade names
 
11,735

 
(2,104
)
 
9,631

 
11,735

 
(2,555
)
 
9,180

Total finite-lived intangible assets
 
$
115,266

 
$
(25,034
)
 
$
90,232

 
$
115,266

 
$
(30,171
)
 
$
85,096

 
 
 
 
 
 
 
 
 
 
 
 
 
Indefinite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
FCC license - Broadcast Radio
 
$
193

 
$

 
$
193

 
$
193

 
$

 
$
193

 
 
 
 
 
 
 
 
 
 
 
 
 
Total intangible assets
 
$
115,459

 
$
(25,034
)
 
$
90,425

 
$
115,459

 
$
(30,171
)
 
$
85,288

Note: Amounts may not recalculate due to rounding
Summary of gross carrying amounts of intangible assets - indefinite lived The following summarizes information regarding the gross carrying amounts and accumulated amortization of intangible assets.
 
 
As of December 31, 2016
 
As of March 31, 2017
 
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Value
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Value
 
 
(in thousands)
 
(in thousands)
Finite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
Patents
 
$
8,030

 
$
(2,556
)
 
$
5,474

 
$
8,030

 
$
(2,740
)
 
$
5,290

Developed technology
 
56,162

 
(13,599
)
 
42,563

 
56,162

 
(16,681
)
 
39,481

Customer relationships—clients
 
37,399

 
(5,487
)
 
31,912

 
37,399

 
(6,664
)
 
30,735

Customer relationships—users
 
1,940

 
(1,288
)
 
652

 
1,940

 
(1,531
)
 
409

Trade names
 
11,735

 
(2,104
)
 
9,631

 
11,735

 
(2,555
)
 
9,180

Total finite-lived intangible assets
 
$
115,266

 
$
(25,034
)
 
$
90,232

 
$
115,266

 
$
(30,171
)
 
$
85,096

 
 
 
 
 
 
 
 
 
 
 
 
 
Indefinite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
FCC license - Broadcast Radio
 
$
193

 
$

 
$
193

 
$
193

 
$

 
$
193

 
 
 
 
 
 
 
 
 
 
 
 
 
Total intangible assets
 
$
115,459

 
$
(25,034
)
 
$
90,425

 
$
115,459

 
$
(30,171
)
 
$
85,288

Note: Amounts may not recalculate due to rounding
Schedule of future amortization expense related to finite-lived intangible assets The following is a schedule of future amortization expense related to finite-lived intangible assets as of March 31, 2017.

 
As of 
 March 31, 
 2017
 
(in thousands)
Remainder of 2017
$
14,978

2018
17,654

2019
17,129

2020
15,896

2021
6,690

Thereafter
12,749

Total future amortization expense
$
85,096