Goodwill and intangible assets

8. Goodwill and intangible assets

Goodwill

The following table sets forth the changes in our goodwill balance, for all periods presented:

	Goodwill
Balance, December 31, 2012	$	26,744
Acquisition of Endeka		5,776
Acquisition of AWG		9,883

Balance, December 31, 2013 and December 31, 2014	$	42,403

Intangible assets

The following table sets forth the changes in our intangible assets balance, for all periods presented:

	Intangible Assets
Balance, December 31, 2012	$	10,594
Additions		15,069
Amortization expense		(2,250	)

Balance, December 31, 2013		23,413
Amortization expense		(3,682	)
Impairment loss		(55	)

Balance, December 31, 2014	$	19,676

During 2014, we recorded impairment losses for certain patent applications that we abandoned.

Intangible assets at December 31, 2014 consist of the following:

	Weighted Average Life	Historical Cost		Accumulated Amortization			Net
Venue contracts	10 years	$	36,356	$	(21,582	)	$	14,774
Non-compete agreements	5 years		3,840		(1,067	)		2,773
Technology	6 years		2,300		(863	)		1,437
Advertiser relationships	5 years		70		(34	)		36
Patents, trademarks and other	6 years		1,353		(697	)		656

		$	43,919	$	(24,243	)	$	19,676

Intangible assets at December 31, 2013 consist of the following:

	Weighted Average Life	Historical Cost		Accumulated Amortization			Net
Venue contracts	10 years	$	36,356	$	(19,314	)	$	17,042
Non-compete agreements	5 years		3,840		(224	)		3,616
Technology	6 years		2,300		(441	)		1,859
Advertiser relationships	5 years		70		(20	)		50
Patents, trademarks and other	6 years		1,408		(562	)		846

		$	43,974	$	(20,561	)	$	23,413

Amortization expense for fiscal years 2015 through 2019 and thereafter is as follows:

Year	Amortization Expense
2015	$	3,525
2016		3,451
2017		3,218
2018		2,370
2019		1,625
Thereafter		5,487

	$	19,676

- 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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