XML 23 R12.htm IDEA: XBRL DOCUMENT v3.10.0.1
Intangible assets, net
9 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible assets, net
Intangible assets, net
Intangible assets, other than goodwill, consist of the following:
 
(In thousands)
 
Amortization period
 
September 30, 2018
 
December 31, 2017
Gross amount:
 
 
 
 

 
 

Software developed for internal use
 
3 years
 
$
4,254

 
$
2,972

Acquired proprietary technology
 
5 years
 
11,459

 
11,382

Customer relationships
 
7-10 years
 
34,986

 
34,986

Trade names
 
20 years
 
16,357

 
16,357

Domain names
 
20 years
 
191

 
191

Databases
 
5-10 years
 
31,292

 
31,292

Non-competition agreements
 
2-5 years
 
1,768

 
1,768

Total gross amount
 
 
 
100,307

 
98,948

Accumulated amortization:
 
 
 
 

 
 

Software developed for internal use
 
 
 
(1,001
)
 
(490
)
Acquired proprietary technology
 
 
 
(6,411
)
 
(4,693
)
Customer relationships
 
 
 
(13,220
)
 
(9,628
)
Trade names
 
 
 
(2,300
)
 
(1,686
)
Domain names
 
 
 
(27
)
 
(20
)
Databases
 
 
 
(9,670
)
 
(6,964
)
Non-competition agreements
 
 
 
(1,613
)
 
(1,113
)
Total accumulated amortization
 
 
 
(34,242
)
 
(24,594
)
Net intangible assets:
 
 
 
 

 
 

Software developed for internal use
 
 
 
3,253

 
2,482

Acquired proprietary technology
 
 
 
5,048

 
6,689

Customer relationships
 
 
 
21,766

 
25,358

Trade names
 
 
 
14,057

 
14,671

Domain names
 
 
 
164

 
171

Databases
 
 
 
21,622

 
24,328

Non-competition agreements
 
 
 
155

 
655

Total net intangible assets
 
 
 
$
66,065

 
$
74,354


 
The gross amounts associated with software developed for internal use primarily represent capitalized costs of internally developed software. The amounts relating to acquired proprietary technology, customer relationships, trade names, domain names, databases and non-competition agreements primarily represent the fair values of intangible assets acquired as a result of the acquisition of Fluent, LLC ("Fluent LLC") effective on December 8, 2015 (the "Fluent LLC Acquisition") and the acquisition of Q Interactive, LLC ("Q Interactive") effective on June 8, 2016 (the "Q Interactive Acquisition").
 
On January 18, 2017, the Company's management and Board of Directors approved a plan to merge and fully integrate Q Interactive's business into Fluent LLC (the "Q Interactive Integration"). As a result, the remaining balance of long-lived assets of $3,626, relating primarily to the acquired proprietary technology and trade names acquired in the Q Interactive Acquisition, was written off to costs and expenses as a write-off of long-lived assets during the first quarter of 2017.  
 
Amortization expense of $3,228 and $3,146 for the three months ended and $9,653 and $9,404 for the nine months ended September 30, 2018 and 2017, respectively, were included in depreciation and amortization expenses. As of September 30, 2018, intangible assets with the carrying amount of $2,101, included in the gross amount of software developed for internal use, have not started amortization, as they are not ready for their intended use.


As of September 30, 2018, estimated amortization expenses related to the Company's intangible assets for the remainder of 2018 through 2023 and thereafter are as follows:
(In thousands)
 
 
Year
 
September 30, 2018
Remainder of 2018
 
$
3,271

2019
 
13,083

2020
 
12,331

2021
 
9,190

2022
 
8,009

2023 and thereafter
 
20,181

Total
 
$
66,065