Goodwill and Other Intangible Assets

GOODWILL AND OTHER INTANGIBLE ASSETS

The following summarizes the Company's goodwill activity in 2011 (in thousands):



	North America		International			Consolidated
Balance as of December 31, 2010	$	19,605	$	112,433		$	132,038
Goodwill related to acquisitions	21,126		15,413			36,539
Other adjustments⁽¹⁾	—		(1,674		)	(1,674		)
Balance as of December 31, 2011	$	40,731	$	126,172		$	166,903

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(1)	Includes changes in foreign exchange rates for goodwill.

The following summarizes the Company's other intangible assets (in thousands):



	As of December 31, 2010						Weighted- Average Remaining Useful Life (in years)
Asset Category	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Weighted- Average Remaining Useful Life (in years)
Subscriber relationships	$	36,389	$	3,760	$	32,629	4.5
Merchant relationships	6,789		3,801		2,988		0.5
Trade names	5,619		3,230		2,389		0.4
Developed technology	2,054		395		1,659		1.6
Other intangible assets	1,263		153		1,110		3.8
	$	52,114	$	11,339	$	40,775	3.8



	As of December 31, 2011
Asset Category	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Weighted-Average Remaining Useful Life (in years)
Subscriber relationships	$	41,272	$	12,882	$	28,390	3.5
Merchant relationships	6,600		6,600		—		—
Trade names	5,801		5,801		—		—
Developed technology	5,583		2,151		3,432		1.5
Other intangible assets	15,420		1,575		13,845		4.7
	$	74,676	$	29,009	$	45,667	3.7

Amortization expense for these intangible assets was less than $0.1 million, $11.0 million and $19.3 million for the years ended December 31, 2009, 2010 and 2011, respectively. As of December 31, 2011, the Company's estimated future amortization expense of these intangible assets for each of the next five years and thereafter is as follows (in thousands):




2012	$	13,595
2013	12,280
2014	11,172
2015	6,964
2016	1,656
Thereafter	—
	$	45,667

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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