XML 21 R10.htm IDEA: XBRL DOCUMENT v3.7.0.1
Intangible assets, net
6 Months Ended
Jun. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible assets, net

4. Intangible assets, net

Intangible assets other than goodwill consist of the following:

 

(In thousands)

 

Amortization period

 

June 30, 2017

 

 

December 31, 2016

 

Gross amount:

 

 

 

 

 

 

 

 

 

 

Software developed for internal use

 

3-10 years

 

 

15,850

 

 

 

11,438

 

Acquired proprietary technology

 

5 years

 

 

11,382

 

 

 

13,532

 

Customer relationships

 

7-10 years

 

 

34,986

 

 

 

34,986

 

Trade names

 

20 years

 

 

16,357

 

 

 

18,057

 

Domain names

 

20 years

 

 

191

 

 

 

191

 

Databases

 

5-10 years

 

 

31,292

 

 

 

31,292

 

Non-competition agreements

 

2-5 years

 

 

1,768

 

 

 

1,768

 

 

 

 

 

 

111,826

 

 

 

111,264

 

Accumulated amortization:

 

 

 

 

 

 

 

 

 

 

Software developed for internal use

 

 

 

 

(991

)

 

 

(505

)

Acquired proprietary technology

 

 

 

 

(3,555

)

 

 

(2,660

)

Customer relationships

 

 

 

 

(7,234

)

 

 

(4,840

)

Trade names

 

 

 

 

(1,277

)

 

 

(916

)

Domain names

 

 

 

 

(15

)

 

 

(10

)

Databases

 

 

 

 

(5,159

)

 

 

(3,354

)

Non-competition agreements

 

 

 

 

(781

)

 

 

(448

)

 

 

 

 

 

(19,012

)

 

 

(12,733

)

Net intangible assets:

 

 

 

 

 

 

 

 

 

 

Software developed for internal use

 

 

 

 

14,859

 

 

 

10,933

 

Acquired proprietary technology

 

 

 

 

7,827

 

 

 

10,872

 

Customer relationships

 

 

 

 

27,752

 

 

 

30,146

 

Trade names

 

 

 

 

15,080

 

 

 

17,141

 

Domain names

 

 

 

 

176

 

 

 

181

 

Databases

 

 

 

 

26,133

 

 

 

27,938

 

Non-competition agreements

 

 

 

 

987

 

 

 

1,320

 

 

 

 

 

$

92,814

 

 

$

98,531

 

 

The gross amount associated with software developed for internal use mainly represents capitalized costs of internally developed software. The amounts relating to acquired proprietary technology, customer relationships, trade names, domain names, databases, and non-competition agreements all represent the fair values of intangible assets acquired as a result of the acquisition of Fluent on December 8, 2015 (the “Fluent Acquisition”) and the Q Interactive Acquisition.

 

During the first quarter of 2017, as a result of the Q Interactive Integration, the remaining balance of intangible assets of $3,560, relating to the acquired proprietary technology and trade names acquired in the Q Interactive Acquisition, was written off to operating expenses as a write-off of long-lived assets. See Note 3, “Acquisition,” for details.  

 

Amortization expenses of $3,303 and $2,867 for the three months ended June 30, 2017 and 2016, respectively, and $6,569 and $5,393 for the six months ended June 30, 2017 and 2016, respectively, were included in depreciation and amortization expenses. As of June 30, 2017, intangible assets of $8,336, included in the gross amounts of software developed for internal use, have not been amortized. These intangible assets will start to amortize when they are put into use.

 

As of June 30, 2017, estimated amortization expenses related to the Company’s intangible assets for the remainder of 2017 through 2022 and thereafter are as follows:

 

(In thousands)

 

 

 

 

Year

 

June 30, 2017

 

Remainder of 2017

 

$

6,881

 

2018

 

 

14,009

 

2019

 

 

13,741

 

2020

 

 

13,105

 

2021

 

 

10,032

 

2022 and thereafter

 

 

35,046

 

Total

 

$

92,814