Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v2.4.1.9
Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of intangible assets
Our intangible assets include the following:
 
 
 
December 31, 2014
 
December 31, 2013
 
Weighted Average
Useful Lives
 
Gross
Carrying
Value
 
Accumulated
Amortization
 
Net Carrying
Value
 
Gross
Carrying
Value
 
Accumulated
Amortization
 
Net Carrying
Value
Due to the Merger:
 
 
 
 
 
 
 
 
 
 
 
 
 
Indefinite life intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
FCC licenses
Indefinite
 
$
2,083,654

 
$
—

 
$
2,083,654

 
$
2,083,654

 
$
—

 
$
2,083,654

Trademark
Indefinite
 
250,000

 
—

 
250,000

 
250,000

 
—

 
250,000

Definite life intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Subscriber relationships
9 years
 
380,000

 
(305,755
)
 
74,245

 
380,000

 
(271,372
)
 
108,628

Licensing agreements
9.1 years
 
45,289

 
(23,290
)
 
21,999

 
45,289

 
(19,604
)
 
25,685

Proprietary software
6 years
 
16,552

 
(13,973
)
 
2,579

 
16,552

 
(13,384
)
 
3,168

Developed technology
10 years
 
2,000

 
(1,283
)
 
717

 
2,000

 
(1,083
)
 
917

Leasehold interests
7.4 years
 
132

 
(114
)
 
18

 
132

 
(96
)
 
36

Due to the acquisition of the connected vehicle business of Agero:
 
 
 
 
 
 
 
 
 
 
 
 
 
Definite life intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
OEM relationships
15 years
 
220,000

 
(17,111
)
 
202,889

 
220,000

 
(2,444
)
 
217,556

Proprietary software
10 years
 
10,663

 
(1,718
)
 
8,945

 
10,663

 
(245
)
 
10,418

Total intangible assets
 
 
$
3,008,290

 
$
(363,244
)
 
$
2,645,046

 
$
3,008,290

 
$
(308,228
)
 
$
2,700,062

Years in which each of our licenses expires
We hold FCC licenses to operate our satellite digital audio radio service and provide ancillary services. The following table outlines the years in which each of our satellite licenses expires:
FCC satellite licenses
 
Expiration year
SIRIUS FM-1
 
2017
SIRIUS FM-2
 
2017
SIRIUS FM-3
 
2017
SIRIUS FM-5
 
2017
SIRIUS FM-6
 
2022
XM-1 (1)
 

XM-3
 
2021
XM-4
 
2022
XM-5
 
2018

(1)
The FCC license for this satellite has expired.   The FCC has granted us special temporary authority to operate this satellite and prepare it for deorbiting maneuvers.

Expected amortization expense for each of the fiscal years
Expected amortization expense for each of the fiscal years 2015 through 2019 and for periods thereafter is as follows:
Years ending December 31,
  
Amount
2015
  
$
51,700

2016
  
48,545

2017
  
34,882

2018
  
19,463

2019
  
19,026

Thereafter
  
137,776

Total definite life intangible assets, net
  
$
311,392