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 |
|
|