v3.5.0.2
Capitalized Technology and Content Development Costs
6 Months Ended
Jun. 30, 2016
Capitalized Technology and Content Development Costs  
Capitalized Technology and Content Development Costs

 

4.Capitalized Technology and Content Development Costs

 

Capitalized technology and content development costs consisted of the following as of:

 

 

 

June 30, 2016

 

December 31, 2015

 

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

 

 

(in thousands)

 

Capitalized technology costs

 

$

10,585

 

$

(6,681

)

$

3,904

 

$

8,564

 

$

(5,697

)

$

2,867

 

Capitalized technology costs in process

 

2,356

 

 

2,356

 

1,640

 

 

1,640

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total capitalized technology costs

 

12,941

 

(6,681

)

6,260

 

10,204

 

(5,697

)

4,507

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capitalized content development costs

 

29,843

 

(13,404

)

16,439

 

24,796

 

(10,931

)

13,865

 

Capitalized content development costs in process

 

4,121

 

 

4,121

 

4,256

 

 

4,256

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total capitalized content development costs

 

33,964

 

(13,404

)

20,560

 

29,052

 

(10,931

)

18,121

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capitalized technology and content development costs, net

 

$

46,905

 

$

(20,085

)

$

26,820

 

$

39,256

 

$

(16,628

)

$

22,628

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization expense related to capitalized technology was $0.5 million and $0.4 million for the three months ended June 30, 2016 and 2015, respectively. Amortization expense related to capitalized technology was $1.0 million and $0.8 million for the six months ended June 30, 2016 and 2015, respectively. This expense is included in technology and content development costs in the accompanying condensed consolidated statements of operations.

 

The Company recorded amortization expense related to capitalized content development costs of $1.4 million and $1.0 million for the three months ended June 30, 2016 and 2015, respectively. The Company recorded amortization expense related to capitalized content development costs of $2.6 million and $2.1 million for the six months ended June 30, 2016 and 2015, respectively.

 

As of June 30, 2016, the estimated future amortization expense for the capitalized technology and content development costs placed in service is as follows (in thousands):

 

2016

 

$

3,502 

 

2017

 

6,423 

 

2018

 

5,211 

 

2019

 

3,336 

 

2020

 

1,705 

 

Thereafter

 

166 

 

 

 

 

 

Total

 

$

20,343