XML 31 R18.htm IDEA: XBRL DOCUMENT v3.20.4

Note 9 - Fixed Assets

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

9.    Fixed Assets

The following is a summary of fixed assets:

		Useful Life (in years)		Cost				Accumulated Depreciation and Amortization				Net
December 31, 2020
Furniture and office equipment		3 - 10		$	273.6			$	(215.8	)		$	57.8
Leasehold improvements		Lease term			118.3				(44.7	)			73.6
Purchased software		3			77.7				(68.6	)			9.1
Software development costs		3 - 7			924.6				(465.3	)			459.3
Leased equipment		3 - 4			68.3				(41.2	)			27.1
Motor vehicles and field equipment		2 - 10			6.8				(1.4	)			5.4
Total fixed assets				$	1,469.3			$	(837.0	)		$	632.3
December 31, 2019
Furniture and office equipment		3 - 10		$	268.9			$	(210.1	)		$	58.8
Leasehold improvements		Lease term			103.9				(41.7	)			62.2
Purchased software		3			89.8				(77.7	)			12.1
Software development costs		3 - 7			773.7				(373.7	)			400.0
Leased equipment		3 - 4			38.5				(28.6	)			9.9
Aircraft equipment		2 - 10			5.2				(0.1	)			5.1
Total fixed assets				$	1,280.0			$	(731.9	)		$	548.1

Depreciation and amortization of fixed assets for the years ended December 31, 2020, 2019 and 2018 were $192.2 million, $185.7 million and $165.3 million, of which $120.6 million, $100.2 million and $85.4 million related to amortization of internal-use software development costs, respectively. Amortization expense related to development of software for sale in accordance with ASC 985-20 was $11.3 million, $12.8 million and $9.7 million for the years ended December 31, 2020, 2019 and 2018, respectively. We had unamortized software development costs that had been capitalized in accordance with ASC 350-40 of $405.8 million and $353.3 million as of December 31, 2020 and 2019, respectively. We had unamortized software development costs that had been capitalized in accordance with ASC 985-20 of $53.5 million and $46.7 million as of December 31, 2020 and 2019, respectively. Leased assets include amounts held under finance leases for automobiles, computer software, and computer equipment.

VERISK ANALYTICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureTextBlockAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration