XML 28 R17.htm IDEA: XBRL DOCUMENT
v3.21.1

Intangible Assets | 3 Months Ended
--- | ---
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | Intangible Assets Our intangible assets include the following:
|  |  | March 31, 2021 |  | December 31, 2020
| 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 |  | $ | 2,084 |  |  | $ | — |  |  | $ | 2,084 |  |  | $ | 2,084 |  |  | $ | — |  |  | $ | 2,084 |
Trademarks | Indefinite |  | 250 |  |  | — |  |  | 250 |  |  | 250 |  |  | — |  |  | 250 |
Definite life intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
OEM relationships | 15 years |  | 220 |  |  | (109) |  |  | 111 |  |  | 220 |  |  | (105) |  |  | 115 |
Licensing agreements | 12 years |  | 45 |  |  | (45) |  |  | — |  |  | 45 |  |  | (45) |  |  | — |
Software and technology | 7 years |  | 31 |  |  | (17) |  |  | 14 |  |  | 31 |  |  | (16) |  |  | 15 |
Due to Pandora and Stitcher Acquisitions: |  |  |  |  |  |  |  |  |  |  |  |
Indefinite life intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks | Indefinite |  | $ | 311 |  |  | $ | — |  |  | $ | 311 |  |  | $ | 311 |  |  | $ | — |  |  | $ | 311 |
Definite life intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 8 years |  | 441 |  |  | (118) |  |  | 323 |  |  | 441 |  |  | (104) |  |  | 337 |
Software and technology | 5 years |  | 373 |  |  | (164) |  |  | 209 |  |  | 373 |  |  | (145) |  |  | 228 |
Total intangible assets |  |  | $ | 3,755 |  |  | $ | (453) |  |  | $ | 3,302 |  |  | $ | 3,755 |  |  | $ | (415) |  |  | $ | 3,340 |
Indefinite Life Intangible Assets We have identified our FCC licenses and XM and Pandora trademarks as indefinite life intangible assets after considering the expected use of the assets, the regulatory and economic environment within which they are used and the effects of obsolescence on their use. We hold FCC licenses to operate our satellite digital audio radio service and provide ancillary services. Each of the FCC licenses authorizes us to use radio spectrum, a reusable resource that does not deplete or exhaust over time. Our annual impairment assessment of our identifiable indefinite lived intangible assets is performed as of the fourth quarter of each year. An assessment is performed at other times if an event occurs or circumstances change that would more likely than not reduce the fair value of the asset below its carrying value. If the carrying value of the intangible assets exceeds its fair value, an impairment loss is recognized in an amount equal to that excess. As of March 31, 2021, there were no indicators of impairment, and no impairment loss was recognized for intangible assets with indefinite lives during the three months ended March 31, 2021 and 2020. Definite Life Intangible Assets Amortization expense for all definite life intangible assets was $38 for each of the three months ended March 31, 2021 and 2020. There were no retirements of definite lived intangible assets during the three months ended March 31, 2021 and 2020. The expected amortization expense for each of the fiscal years 2021 through 2025 and for periods thereafter is as follows:
Years ending December 31, |  | Amount
2021 (remaining) |  | $ | 115 |
2022 |  | 154 |
2023 |  | 141 |
2024 |  | 75 |
2025 |  | 69 |
Thereafter |  | 103 |
Total definite life intangible assets, net |  | $ | 657 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration