Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v2.4.0.6
Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of intangible assets
Intangible assets consisted of the following:
 
 
 
September 30, 2012
 
December 31, 2011
 
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

 
(223,185
)
 
156,815

 
380,000

  
(191,201
)
 
188,799

Licensing agreements
9.1 years
 
78,489

 
(41,658
)
 
36,831

 
78,897

  
(34,145
)
 
44,752

Proprietary software
6 years
 
16,552

 
(12,622
)
 
3,930

 
16,552

  
(11,507
)
 
5,045

Developed technology
10 years
 
2,000

 
(833
)
 
1,167

 
2,000

  
(683
)
 
1,317

Leasehold interests
7.4 years
 
132

 
(74
)
 
58

 
132

  
(61
)
 
71

Total intangible assets
 
 
$
2,810,827

 
$
(278,372
)
 
$
2,532,455

 
$
2,811,235

  
$
(237,597
)
 
$
2,573,638

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
 
2013
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 2012, each of the fiscal years 2013 through 2016 and for periods thereafter is as follows:
Year ending December 31,
  
Amount
2012
  
$
12,851

2013
  
47,330

2014
  
38,852

2015
  
37,526

2016
  
31,932

Thereafter
  
30,310

Total definite life intangible assets, net
  
$
198,801