XML 45 R12.htm IDEA: XBRL DOCUMENT v2.4.1.9
Intangible Assets
 3 Months Ended
Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
5. Intangible Assets

The amount of identified intangible assets, including the respective amounts of accumulated amortization, are as follows:

 

     March 31,
2015		      December 31,
2014		  

Database

    $      20,031,000       $      19,435,000   

Accumulated amortization

      (15,500,000 )       (15,018,000 ) 
  

 

 

     

 

 

  

Database, net

      4,531,000         4,417,000   
  

 

 

     

 

 

  

Customer relationships

      14,100,000         14,100,000   

Accumulated amortization

      (7,617,000 )       (7,379,000 ) 
  

 

 

     

 

 

  

Customer relationships, net

      6,483,000         6,721,000   
  

 

 

     

 

 

  

Website

      12,422,000         11,936,000   

Accumulated amortization

      (9,301,000 )       (8,876,000 ) 
  

 

 

     

 

 

  

Website, net

      3,121,000         3,060,000   
  

 

 

     

 

 

  

Acquired below market lease

      2,800,000         2,800,000   

Accumulated amortization

      (2,393,000 )       (2,317,000 ) 
  

 

 

     

 

 

  

Acquired below market lease, net

      407,000         483,000   
  

 

 

     

 

 

  

Intangibles, net

    $ 14,542,000       $ 14,681,000   
  

 

 

     

 

 

  

The Company capitalized approximately $596,000 and $596,000 to the database intangible asset and $486,000 and $482,000 to the website intangible asset during the three months ended March 31, 2015 and 2014, respectively.

Amortization expense for intangible assets aggregated approximately $1,221,000 for the three months ended March 31, 2015, of which approximately $482,000 related to the database, which is charged to cost of sales, approximately $238,000 related to customer relationships, which is charged to sales and marketing expense, approximately $425,000 related to website development, which is charged to product development expense, and approximately $76,000 related to the value ascribed to the below market terms of the office lease, which is charged to general and administrative expense, all in the Reis Services segment. Amortization expense for intangible assets aggregated approximately $1,153,000 for the three months ended March 31, 2014, of which approximately $413,000 related to the database, approximately $241,000 related to customer relationships, approximately $423,000 related to website development and approximately $76,000 related to the value ascribed to the below market terms of the office lease.