Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.8.0.1
Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in the carrying amount of goodwill The changes in the carrying amount of goodwill in each of our reporting segments for the nine months ended September 30, 2017, are as follows:

 
Pandora
 
Ticketfly
 
Total
 
(in thousands)
Balance as of December 31, 2016
$
71,650

 
$
235,041

 
$
306,691

Goodwill impairment
(300
)
 
(131,697
)
 
(131,997
)
Goodwill related to disposed assets
(107
)
 
(103,367
)
 
(103,474
)
Effect of currency translation adjustment

 
23

 
23

Balance as of September 30, 2017
$
71,243

 
$

 
$
71,243

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 September 30, 2017
 
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Value
 
Gross Carrying Amount
 
Accumulated Amortization
 
Disposal of Intangible Assets
 
Net Carrying Value
 
 
(in thousands)
 
(in thousands)
Finite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Patents
 
$
8,030

 
$
(2,556
)
 
$
5,474

 
$
8,030

 
$
(3,106
)
 
$

 
$
4,924

Developed technology
 
56,162

 
(13,599
)
 
42,563

 
56,162

 
(20,958
)
 
(19,235
)
 
15,969

Customer relationships—clients
 
37,399

 
(5,487
)
 
31,912

 
37,399

 
(7,449
)
 
(29,950
)
 

Customer relationships—users
 
1,940

 
(1,288
)
 
652

 
1,940

 
(1,732
)
 
(208
)
 

Trade names
 
11,735

 
(2,104
)
 
9,631

 
11,735

 
(2,978
)
 
(8,346
)
 
411

Total finite-lived intangible assets
 
$
115,266

 
$
(25,034
)
 
$
90,232

 
$
115,266

 
$
(36,223
)
 
$
(57,739
)
 
$
21,304

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

 
$

 
$
193

 
$
193

 
$

 
$
(193
)
 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total intangible assets
 
$
115,459

 
$
(25,034
)
 
$
90,425

 
$
115,459

 
$
(36,223
)
 
$
(57,932
)
 
$
21,304

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 September 30, 2017
 
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Value
 
Gross Carrying Amount
 
Accumulated Amortization
 
Disposal of Intangible Assets
 
Net Carrying Value
 
 
(in thousands)
 
(in thousands)
Finite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Patents
 
$
8,030

 
$
(2,556
)
 
$
5,474

 
$
8,030

 
$
(3,106
)
 
$

 
$
4,924

Developed technology
 
56,162

 
(13,599
)
 
42,563

 
56,162

 
(20,958
)
 
(19,235
)
 
15,969

Customer relationships—clients
 
37,399

 
(5,487
)
 
31,912

 
37,399

 
(7,449
)
 
(29,950
)
 

Customer relationships—users
 
1,940

 
(1,288
)
 
652

 
1,940

 
(1,732
)
 
(208
)
 

Trade names
 
11,735

 
(2,104
)
 
9,631

 
11,735

 
(2,978
)
 
(8,346
)
 
411

Total finite-lived intangible assets
 
$
115,266

 
$
(25,034
)
 
$
90,232

 
$
115,266

 
$
(36,223
)
 
$
(57,739
)
 
$
21,304

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

 
$

 
$
193

 
$
193

 
$

 
$
(193
)
 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total intangible assets
 
$
115,459

 
$
(25,034
)
 
$
90,425

 
$
115,459

 
$
(36,223
)
 
$
(57,932
)
 
$
21,304

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 September 30, 2017.

 
As of 
 September 30, 
 2017
 
(in thousands)
Remainder of 2017
$
1,896

2018
6,066

2019
5,546

2020
5,251

2021
727

Thereafter
1,818

Total future amortization expense
$
21,304