Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v2.4.0.8
Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of intangible assets
Intangible assets consist of the following:
 
 
 
September 30, 2013
 
December 31, 2012
 
Weighted Average
Useful Lives
 
Gross
Carrying
Value
 
Accumulated
Amortization
 
Net Carrying
Value
 
Gross
Carrying
Value
 
Accumulated
Amortization
 
Net Carrying
Value
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

 
(262,217
)
 
117,783

 
380,000

 
(233,317
)
 
146,683

Licensing agreements
9.1 years
 
78,289

 
(51,682
)
 
26,607

 
78,489

 
(44,161
)
 
34,328

Proprietary software
6 years
 
16,552

 
(13,236
)
 
3,316

 
16,552

 
(12,777
)
 
3,775

Developed technology
10 years
 
2,000

 
(1,033
)
 
967

 
2,000

 
(883
)
 
1,117

Leasehold interests
7.4 years
 
132

 
(92
)
 
40

 
132

 
(79
)
 
53

Total intangible assets
 
 
$
2,810,627

 
$
(328,260
)
 
$
2,482,367

 
$
2,810,827

 
$
(291,217
)
 
$
2,519,610

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 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 (1)
 

XM-1
 
2014
XM-2
 
2014
XM-3
 
2021
XM-4
 
2014
XM-5
 
2018

(1)
We hold an FCC license for our FM-6 satellite which will expire eight years from when this satellite is launched and placed into operation.
Expected amortization expense for each of the fiscal years
Expected amortization expense for the remaining period in 2013, each of the fiscal years 2014 through 2017 and for periods thereafter is as follows:
Year ending December 31,
  
Amount
2013 (remaining)
  
$
10,278

2014
  
38,877

2015
  
35,561

2016
  
32,546

2017
  
19,582

Thereafter
  
11,869

Total definite life intangible assets, net
  
$
148,713