Goodwill and Intangible Assets (Tables)
|
9 Months Ended |
Sep. 30, 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 nine months ended September 30, 2016, are as follows:
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|
Goodwill |
|
(in thousands) |
Balance as of December 31, 2015 |
$ |
303,875 |
|
Goodwill resulting from business combination and purchase price adjustments |
2,831 |
|
Balance as of September 30, 2016 |
$ |
306,706 |
|
|
| 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 September 30, 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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Patents |
|
$ |
8,030 |
|
|
$ |
(1,824 |
) |
|
$ |
6,206 |
|
|
$ |
8,030 |
|
|
$ |
(2,373 |
) |
|
$ |
5,657 |
|
Developed technology |
|
56,050 |
|
|
(1,265 |
) |
|
54,785 |
|
|
56,165 |
|
|
(10,515 |
) |
|
45,650 |
|
Customer relationships - clients |
|
37,300 |
|
|
(777 |
) |
|
36,523 |
|
|
37,399 |
|
|
(4,309 |
) |
|
33,090 |
|
Customer relationships - users |
|
1,940 |
|
|
(318 |
) |
|
1,622 |
|
|
1,940 |
|
|
(1,046 |
) |
|
894 |
|
Trade names |
|
11,720 |
|
|
(304 |
) |
|
11,416 |
|
|
11,735 |
|
|
(1,654 |
) |
|
10,081 |
|
Total finite-lived intangible assets |
|
$ |
115,040 |
|
|
$ |
(4,488 |
) |
|
$ |
110,552 |
|
|
$ |
115,269 |
|
|
$ |
(19,897 |
) |
|
$ |
95,372 |
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|
|
|
|
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Indefinite-lived intangible assets |
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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 |
|
|
$ |
115,462 |
|
|
$ |
(19,897 |
) |
|
$ |
95,565 |
|
|
| 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.
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As of December 31, 2015 |
|
As of September 30, 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 |
|
|
$ |
(2,373 |
) |
|
$ |
5,657 |
|
Developed technology |
|
56,050 |
|
|
(1,265 |
) |
|
54,785 |
|
|
56,165 |
|
|
(10,515 |
) |
|
45,650 |
|
Customer relationships - clients |
|
37,300 |
|
|
(777 |
) |
|
36,523 |
|
|
37,399 |
|
|
(4,309 |
) |
|
33,090 |
|
Customer relationships - users |
|
1,940 |
|
|
(318 |
) |
|
1,622 |
|
|
1,940 |
|
|
(1,046 |
) |
|
894 |
|
Trade names |
|
11,720 |
|
|
(304 |
) |
|
11,416 |
|
|
11,735 |
|
|
(1,654 |
) |
|
10,081 |
|
Total finite-lived intangible assets |
|
$ |
115,040 |
|
|
$ |
(4,488 |
) |
|
$ |
110,552 |
|
|
$ |
115,269 |
|
|
$ |
(19,897 |
) |
|
$ |
95,372 |
|
|
|
|
|
|
|
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|
|
|
Indefinite-lived intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
FCC license - Broadcast Radio |
|
$ |
193 |
|
|
$ |
— |
|
|
$ |
193 |
|
|
$ |
193 |
|
|
$ |
— |
|
|
$ |
193 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total intangible assets |
|
$ |
115,233 |
|
|
$ |
(4,488 |
) |
|
$ |
110,745 |
|
|
$ |
115,462 |
|
|
$ |
(19,897 |
) |
|
$ |
95,565 |
|
|
| 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, 2016.
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As of
September 30,
2016 |
|
(in thousands) |
Remainder of 2016 |
$ |
5,138 |
|
2017 |
20,116 |
|
2018 |
17,654 |
|
2019 |
17,129 |
|
2020 |
15,896 |
|
Thereafter |
19,439 |
|
Total future amortization expense |
$ |
95,372 |
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