Intangible Assets (Tables)
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3 Months Ended |
Mar. 31, 2016 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of indefinite-lived intangible assets |
Our intangible assets include the following:
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March 31, 2016 |
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December 31, 2015 |
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Weighted
Average
Useful Lives |
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Gross
Carrying
Value |
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Accumulated Amortization |
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Net Carrying
Value |
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Gross
Carrying
Value |
|
Accumulated Amortization |
|
Net Carrying
Value |
Indefinite life intangible assets: |
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FCC licenses |
Indefinite |
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$ |
2,083,654 |
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$ |
— |
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$ |
2,083,654 |
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$ |
2,083,654 |
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$ |
— |
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$ |
2,083,654 |
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Trademark |
Indefinite |
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250,000 |
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— |
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250,000 |
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250,000 |
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— |
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250,000 |
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Definite life intangible assets: |
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Subscriber relationships |
9 years |
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380,000 |
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(344,109 |
) |
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35,891 |
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380,000 |
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(336,822 |
) |
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43,178 |
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OEM relationships |
15 years |
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220,000 |
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(35,444 |
) |
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184,556 |
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220,000 |
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(31,778 |
) |
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188,222 |
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Licensing agreements |
12 years |
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45,289 |
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(27,899 |
) |
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17,390 |
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45,289 |
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(26,977 |
) |
|
18,312 |
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Proprietary software |
8 years |
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27,215 |
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(18,267 |
) |
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8,948 |
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27,215 |
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(17,752 |
) |
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9,463 |
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Developed technology |
10 years |
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2,000 |
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(1,533 |
) |
|
467 |
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2,000 |
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(1,483 |
) |
|
517 |
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Leasehold interests |
7.4 years |
|
132 |
|
|
(132 |
) |
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— |
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|
132 |
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(132 |
) |
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— |
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Total intangible assets |
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$ |
3,008,290 |
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$ |
(427,384 |
) |
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$ |
2,580,906 |
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$ |
3,008,290 |
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$ |
(414,944 |
) |
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$ |
2,593,346 |
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| Schedule of finite-lived intangible assets |
Our intangible assets include the following:
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March 31, 2016 |
|
December 31, 2015 |
|
Weighted
Average
Useful Lives |
|
Gross
Carrying
Value |
|
Accumulated Amortization |
|
Net Carrying
Value |
|
Gross
Carrying
Value |
|
Accumulated Amortization |
|
Net Carrying
Value |
Indefinite life intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
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: |
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|
|
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|
|
|
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|
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Subscriber relationships |
9 years |
|
380,000 |
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|
(344,109 |
) |
|
35,891 |
|
|
380,000 |
|
|
(336,822 |
) |
|
43,178 |
|
OEM relationships |
15 years |
|
220,000 |
|
|
(35,444 |
) |
|
184,556 |
|
|
220,000 |
|
|
(31,778 |
) |
|
188,222 |
|
Licensing agreements |
12 years |
|
45,289 |
|
|
(27,899 |
) |
|
17,390 |
|
|
45,289 |
|
|
(26,977 |
) |
|
18,312 |
|
Proprietary software |
8 years |
|
27,215 |
|
|
(18,267 |
) |
|
8,948 |
|
|
27,215 |
|
|
(17,752 |
) |
|
9,463 |
|
Developed technology |
10 years |
|
2,000 |
|
|
(1,533 |
) |
|
467 |
|
|
2,000 |
|
|
(1,483 |
) |
|
517 |
|
Leasehold interests |
7.4 years |
|
132 |
|
|
(132 |
) |
|
— |
|
|
132 |
|
|
(132 |
) |
|
— |
|
Total intangible assets |
|
|
$ |
3,008,290 |
|
|
$ |
(427,384 |
) |
|
$ |
2,580,906 |
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|
$ |
3,008,290 |
|
|
$ |
(414,944 |
) |
|
$ |
2,593,346 |
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| Years in which satellite licenses expire |
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:
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FCC satellite licenses |
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Expiration year |
SIRIUS FM-1* |
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2017 |
SIRIUS FM-2* |
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2017 |
SIRIUS FM-3* |
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2017 |
SIRIUS FM-5 |
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2025 |
SIRIUS FM-6 |
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2022 |
XM-3 |
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2021 |
XM-4 |
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2022 |
XM-5 |
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2018 |
* As of April 7, 2016, these satellites were no longer being used to transmit satellite radio. We plan to deorbit these satellites during 2016.
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| Expected future amortization expense |
Expected amortization expense for the remaining period in 2016, each of the fiscal years 2017 through 2020 and for periods thereafter is as follows:
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Years ending December 31, |
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Amount |
2016 (remaining) |
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$ |
36,105 |
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2017 |
|
34,882 |
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2018 |
|
19,463 |
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2019 |
|
19,026 |
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2020 |
|
18,446 |
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Thereafter |
|
119,330 |
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Total definite life intangible assets, net |
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$ |
247,252 |
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