Intangible Assets, Net and Goodwill

12 Months Ended

Jun. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

6. Intangible Assets, Net and Goodwill

Intangible assets, net consisted of the following (in thousands):


	June 30, 2015							June 30, 2014
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer/publisher/advertiser relationships	$	37,056	$	(33,916	)	$	3,140	$	37,040	$	(31,185	)	$	5,855
Content		62,162		(54,629	)		7,533		62,196		(50,348	)		11,848
Website/trade/domain names		31,533		(24,697	)		6,836		31,652		(21,482	)		10,170
Acquired technology and others		36,742		(35,221	)		1,521		36,744		(33,176	)		3,568

	$	167,493	$	(148,463	)	$	19,030	$	167,632	$	(136,191	)	$	31,441

Amortization of intangible assets was $12.5 million, $19.6 million and $26.8 million for fiscal years 2015, 2014 and 2013.

Amortization expense for the Company’s acquisition-related intangible assets as of June 30, 2015 for each of the next five years and thereafter is as follows (in thousands):


Year Ending June 30,	Amortization
2016	$	9,279
2017		6,079
2018		1,991
2019		798
2020		773
Thereafter		110

	$	19,030

The changes in the carrying amount of goodwill for fiscal years 2015 and 2014 were as follows (in thousands):


	Total
Balance at June 30, 2013	$	150,456
Additions		636
Impairment		(95,641	)

Balance at June 30, 2014	$	55,451
Additions		667

Balance at June 30, 2015	$	56,118

The additions to goodwill in fiscal year 2015 relate to the Company’s acquisition of a Brazil-based online lead generation company in exchange for $0.5 million in cash upon closing of the acquisition and estimated payments totaling $0.3 million to be paid in the five years following the acquisition date upon the achievement of certain financial metrics.

The additions to goodwill in fiscal year 2014 relate to the Company’s acquisition of an online publishing business in exchange for $0.9 million.

There was no impairment charge recorded during fiscal year 2015. The impairment charge recorded during fiscal year 2014 is described in Note 2, Summary of Significant Accounting Policies.

- 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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