v3.6.0.2
Intangible assets
12 Months Ended
Dec. 31, 2016
Intangible assets  
Intangible assets

7. Intangible assets

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

                                                                                                                                                                                    

 

 

Intangible
Assets

 

Balance, December 31, 2014

 

$

19,676

 

Amortization expense

 

 

(3,594

)

Impairment loss

 

 

(27

)

​  

​  

Balance, December 31, 2015

 

 

16,055

 

Additions

 

 

1,210

 

Amortization expense

 

 

(3,470

)

Impairment loss

 

 

(12

)

​  

​  

Balance, December 31, 2016

 

$

13,783

 

​  

​  

​  

​  

        In November 2016, we acquired a caching technology intangible asset for $1,250 which was valued at the date of acquisition based on Level 3 inputs. $1,150 of the purchase price was paid in January 2017. The identifiable intangible asset was valued at fair value at $1,210 using the cost savings and replacement cost methods using a discount rate of 20%. The remaining purchase price was expensed as it related to the settlement of a pre-existing contractual relationship. The caching technology has an estimated useful life of 4 years.

        During 2016 and 2014, we recorded impairment losses for certain patent applications that we abandoned. During 2015, we recorded impairment losses for the termination of a contract and certain patent applications that we abandoned.

        Intangible assets at December 31, 2016 consist of the following:

                                                                                                                                                                                    

 

 

Historical
Cost

 

Accumulated
Amortization

 

Net

 

Venue contracts

 

$

23,601

 

$

(13,276

)

$

10,325

 

Non-compete agreements

 

 

3,590

 

 

(2,274

)

 

1,316

 

Technology

 

 

3,520

 

 

(1,742

)

 

1,778

 

Advertiser relationships

 

 

70

 

 

(62

)

 

8

 

Patents, trademarks and other

 

 

1,034

 

 

(678

)

 

356

 

​  

​  

​  

​  

​  

​  

 

 

$

31,815

 

$

(18,032

)

$

13,783

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

        Intangible assets at December 31, 2015 consist of the following:

                                                                                                                                                                                    

 

 

Historical
Cost

 

Accumulated
Amortization

 

Net

 

Venue contracts

 

$

23,630

 

$

(11,104

)

$

12,526

 

Non-compete agreements

 

 

3,590

 

 

(1,556

)

 

2,034

 

Technology

 

 

2,310

 

 

(1,295

)

 

1,015

 

Advertiser relationships

 

 

70

 

 

(48

)

 

22

 

Patents, trademarks and other

 

 

1,034

 

 

(576

)

 

458

 

​  

​  

​  

​  

​  

​  

 

 

$

30,634

 

$

(14,579

)

$

16,055

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

        The decrease in our intangible assets cost and accumulated amortization balances from 2015 to 2016 related to the write-off of intangible assets that were impaired as well as intangible assets that have expired.

        Amortization expense for fiscal years 2017 through 2021 and thereafter is as follows:

                                                                                                                                                                                    

Year

 

Amortization
Expense

 

2017

 

$

3,517 

 

2018

 

 

2,674 

 

2019

 

 

1,937 

 

2020

 

 

1,832 

 

2021

 

 

1,455 

 

Thereafter

 

 

2,368 

 

​  

​  

 

 

$

13,783 

 

​  

​  

​  

​