Intangible Assets and Goodwill

9 Months Ended

Jun. 30, 2011

Note 7. Intangible Assets and Goodwill

The following table presents our intangible assets as of June 30, 2011, and September 30, 2010:


Description	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount as of June 30, 2011		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount as of September 30, 2010
Trade name and trademarks	$	2,823	$	369	$	2,454	$	681	$	159	$	522
Technology		21,907		11,566		10,341		11,754		8,566		3,188
Customer relationships		52,444		15,564		36,880		44,465		11,777		32,688

Total	$	77,174	$	27,499	$	49,675	$	56,900	$	20,502	$	36,398

For the three and nine months ended June 30, 2011, we recorded amortization expense of $2.7 million and $6.9 million in our income statements, and we recorded amortization expense of $1.8 million and $5.5 million for the same periods in 2010.

The following table presents the estimated amortization expense for the remaining estimated useful life of the intangible assets as of June 30, 2011:


Years Ending September 30,	Amortization of Intangible Assets
2011 (July 1, 2011, through September 30, 2011)	$	2,706
2012		8,625
2013		8,112
2014		7,834
2015		7,596
Thereafter		14,802

Total	$	49,675

The following table presents the activity we recorded in our goodwill balance:

		of Intangi
Balance as of September 30, 2010	$	194,989
Addition - TripIt		69,672
Addition - Etap⁽¹⁾		2,959
Other adjustments ⁽²⁾		1,557

Balance as of June 30, 2011	$	269,177

(1)

On August 1, 2009, we completed the acquisition of Etap-On-Line ("Etap Acquisition"). The purchase price is subject to specified earn out provisions to be determined over a three year period ending August 1, 2012. We recorded $1.3 million and $3.0 million earn-out amounts as additional goodwill for the three and nine months ended June 30, 2011. We consider the earn-out amounts as additional contingent consideration and will record them in goodwill as incurred.

(2)

Other adjustments represent the impact of foreign currency translation for instances when goodwill is recorded in foreign entities whose functional currency is also their local currency. These goodwill balances are translated into U.S. dollars using exchange rates in effect at period end. Adjustments are included in other comprehensive income (loss).

- 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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