Goodwill and Intangible Assets (Tables)
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9 Months Ended |
Sep. 30, 2015 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Changes in the Carrying Amount of Goodwill |
The changes in the carrying amount of goodwill for the nine months ended September 30, 2015, are as follows:
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Goodwill |
|
(in thousands) |
Balance as of December 31, 2014 |
$ |
— |
|
Goodwill resulting from business combinations |
23,052 |
|
Balance as of September 30, 2015 |
$ |
23,052 |
|
|
| Summary of Gross Carrying Amounts and Accumulated Amortization of Intangibles - Finite Lived |
The following summarizes information regarding the gross carrying amounts and accumulated amortization of intangibles.
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As of December 31, 2014 |
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As of September 30, 2015 |
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Useful Lives From Date of Acquisition (in years) |
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Gross Carrying Amount |
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Accumulated Amortization |
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Net Carrying Value |
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Gross Carrying Amount |
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Accumulated Amortization |
|
Net Carrying Value |
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(in thousands) |
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(in thousands) |
Finite-lived intangible assets |
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Patents |
5.5 - 11 |
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$ |
8,030 |
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|
$ |
(1,091 |
) |
|
$ |
6,939 |
|
|
$ |
8,030 |
|
|
$ |
(1,640 |
) |
|
$ |
6,390 |
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Developed technology |
4 |
|
— |
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|
— |
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|
— |
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|
1,550 |
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|
(97 |
) |
|
1,453 |
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Customer relationships |
2 |
|
— |
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|
— |
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|
— |
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|
940 |
|
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(118 |
) |
|
822 |
|
Trade names |
2 |
|
— |
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|
— |
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|
— |
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|
320 |
|
|
(40 |
) |
|
280 |
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Total finite-lived intangible assets |
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|
$ |
8,030 |
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|
$ |
(1,091 |
) |
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$ |
6,939 |
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$ |
10,840 |
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|
$ |
(1,895 |
) |
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$ |
8,945 |
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Indefinite-lived intangible assets |
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FCC license - Broadcast Radio |
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|
$ |
— |
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$ |
— |
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$ |
— |
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$ |
193 |
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$ |
— |
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$ |
193 |
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Total intangible assets |
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$ |
8,030 |
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|
$ |
(1,091 |
) |
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$ |
6,939 |
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|
$ |
11,033 |
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$ |
(1,895 |
) |
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$ |
9,138 |
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| Summary of Gross Carrying Amounts and Accumulated Amortization of Intangibles - Indefinite Lived |
The following summarizes information regarding the gross carrying amounts and accumulated amortization of intangibles.
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As of December 31, 2014 |
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As of September 30, 2015 |
|
Useful Lives From Date of Acquisition (in years) |
|
Gross Carrying Amount |
|
Accumulated Amortization |
|
Net Carrying Value |
|
Gross Carrying Amount |
|
Accumulated Amortization |
|
Net Carrying Value |
|
|
|
(in thousands) |
|
(in thousands) |
Finite-lived intangible assets |
|
|
|
|
|
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|
|
|
|
|
|
|
Patents |
5.5 - 11 |
|
$ |
8,030 |
|
|
$ |
(1,091 |
) |
|
$ |
6,939 |
|
|
$ |
8,030 |
|
|
$ |
(1,640 |
) |
|
$ |
6,390 |
|
Developed technology |
4 |
|
— |
|
|
— |
|
|
— |
|
|
1,550 |
|
|
(97 |
) |
|
1,453 |
|
Customer relationships |
2 |
|
— |
|
|
— |
|
|
— |
|
|
940 |
|
|
(118 |
) |
|
822 |
|
Trade names |
2 |
|
— |
|
|
— |
|
|
— |
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|
320 |
|
|
(40 |
) |
|
280 |
|
Total finite-lived intangible assets |
|
|
$ |
8,030 |
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|
$ |
(1,091 |
) |
|
$ |
6,939 |
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$ |
10,840 |
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|
$ |
(1,895 |
) |
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$ |
8,945 |
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Indefinite-lived intangible assets |
|
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|
|
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|
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|
FCC license - Broadcast Radio |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
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$ |
193 |
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$ |
— |
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$ |
193 |
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Total intangible assets |
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|
$ |
8,030 |
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|
$ |
(1,091 |
) |
|
$ |
6,939 |
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|
$ |
11,033 |
|
|
$ |
(1,895 |
) |
|
$ |
9,138 |
|
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| 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, 2015.
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As of
September 30,
2015 |
|
(in thousands) |
Three months ending December 31, 2015 |
$ |
439 |
|
2016 |
1,750 |
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2017 |
1,435 |
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2018 |
1,120 |
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2019 |
926 |
|
Thereafter |
3,275 |
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Total future amortization expense |
$ |
8,945 |
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