Goodwill and Intangible Assets (Tables)
|
3 Months Ended |
Mar. 31, 2016 |
|---|
| 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, 2016, are as follows:
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|
Goodwill |
|
(in thousands) |
Balance as of December 31, 2015 |
$ |
303,875 |
|
Goodwill resulting from business combinations and finalization of fair value |
912 |
|
Balance as of March 31, 2016 |
$ |
304,787 |
|
|
| 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.
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As of December 31, 2015 |
|
As of March 31, 2016 |
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|
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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|
|
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|
|
|
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Patents |
|
$ |
8,030 |
|
|
$ |
(1,824 |
) |
|
$ |
6,206 |
|
|
$ |
8,030 |
|
|
$ |
(2,007 |
) |
|
$ |
6,023 |
|
Developed technology |
|
56,050 |
|
|
(1,265 |
) |
|
54,785 |
|
|
56,166 |
|
|
(4,346 |
) |
|
51,820 |
|
Customer relationships - clients |
|
37,300 |
|
|
(777 |
) |
|
36,523 |
|
|
37,400 |
|
|
(1,953 |
) |
|
35,447 |
|
Customer relationships - users |
|
1,940 |
|
|
(318 |
) |
|
1,622 |
|
|
1,940 |
|
|
(561 |
) |
|
1,379 |
|
Trade names |
|
11,720 |
|
|
(304 |
) |
|
11,416 |
|
|
11,735 |
|
|
(754 |
) |
|
10,981 |
|
Total finite-lived intangible assets |
|
$ |
115,040 |
|
|
$ |
(4,488 |
) |
|
$ |
110,552 |
|
|
$ |
115,271 |
|
|
$ |
(9,621 |
) |
|
$ |
105,650 |
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|
|
|
|
|
|
|
|
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|
|
|
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Indefinite-lived intangible assets |
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|
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|
FCC license - Broadcast Radio |
|
$ |
193 |
|
|
$ |
— |
|
|
$ |
193 |
|
|
$ |
193 |
|
|
$ |
— |
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|
$ |
193 |
|
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Total intangible assets |
|
$ |
115,233 |
|
|
$ |
(4,488 |
) |
|
$ |
110,745 |
|
|
$ |
115,464 |
|
|
$ |
(9,621 |
) |
|
$ |
105,843 |
|
|
| Summary of gross carrying amounts and accumulated amortization of intangible assets - indefinite lived |
The following summarizes information regarding the gross carrying amounts and accumulated amortization of intangible assets.
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As of December 31, 2015 |
|
As of March 31, 2016 |
|
|
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 |
|
|
$ |
(1,824 |
) |
|
$ |
6,206 |
|
|
$ |
8,030 |
|
|
$ |
(2,007 |
) |
|
$ |
6,023 |
|
Developed technology |
|
56,050 |
|
|
(1,265 |
) |
|
54,785 |
|
|
56,166 |
|
|
(4,346 |
) |
|
51,820 |
|
Customer relationships - clients |
|
37,300 |
|
|
(777 |
) |
|
36,523 |
|
|
37,400 |
|
|
(1,953 |
) |
|
35,447 |
|
Customer relationships - users |
|
1,940 |
|
|
(318 |
) |
|
1,622 |
|
|
1,940 |
|
|
(561 |
) |
|
1,379 |
|
Trade names |
|
11,720 |
|
|
(304 |
) |
|
11,416 |
|
|
11,735 |
|
|
(754 |
) |
|
10,981 |
|
Total finite-lived intangible assets |
|
$ |
115,040 |
|
|
$ |
(4,488 |
) |
|
$ |
110,552 |
|
|
$ |
115,271 |
|
|
$ |
(9,621 |
) |
|
$ |
105,650 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Indefinite-lived intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
FCC license - Broadcast Radio |
|
$ |
193 |
|
|
$ |
— |
|
|
$ |
193 |
|
|
$ |
193 |
|
|
$ |
— |
|
|
$ |
193 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total intangible assets |
|
$ |
115,233 |
|
|
$ |
(4,488 |
) |
|
$ |
110,745 |
|
|
$ |
115,464 |
|
|
$ |
(9,621 |
) |
|
$ |
105,843 |
|
|
| 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, 2016.
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|
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As of
March 31,
2016 |
|
(in thousands) |
Remainder of 2016 |
$ |
15,414 |
|
2017 |
20,118 |
|
2018 |
17,654 |
|
2019 |
17,129 |
|
2020 |
15,896 |
|
Thereafter |
19,439 |
|
Total future amortization expense |
$ |
105,650 |
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