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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Activity Related to Goodwill
The following table summarizes the activity related to Actua’s goodwill:
(in thousands)
 
Gross carrying
amount
 
Accumulated
impairment
losses
 
Net carrying
amount
Goodwill as of December 31, 2013
 
$
90,770

 
$
(304
)
 
$
90,466

Increase in goodwill due to VelocityEHS's acquisition of KMI
 
6,735

 

 
6,735

Increase in goodwill due to GovDelivery's acquisition of NuCivic
 
1,257

 

 
1,257

Increase in goodwill due to Bolt's acquisition of Ludwig
 
455

 

 
455

Increase in goodwill due to FolioDynamix acquisition
 
166,171

 

 
166,171

Goodwill as of December 31, 2014
 
$
265,388

   
$
(304
)
 
$
265,084

Increase in goodwill due to GovDelivery's acquisition of Textizen
 
606

  

 
606

Decrease in goodwill due to FolioDynamix impairment charge
 

 
(39,656
)
 
(39,656
)
Goodwill as of December 31, 2015
 
$
265,994

  
$
(39,960
)
 
$
226,034

Summary of Intangible Assets from Continuing Operations
The following table summarizes Actua’s intangible assets:
(in thousands)
 
 
 
As of December 31, 2015
 
 
 
 
Gross carrying
 
Accumulated
 
Net carrying
Intangible assets
 
Useful life
 
amount
 
amortization
 
amount
Customer relationships
 
1-11 years
 
$
76,414

 
$
(22,652
)
 
$
53,762

Trademarks/trade names
 
3-11 years
 
24,835

 
(7,763
)
 
17,072

Technology
 
5-10 years
 
25,820

 
(8,055
)
 
17,765

Non-compete agreements
 
2-5 years
 
3,645

 
(3,549
)
 
96

 
 
 
 
130,714

 
(42,019
)
 
88,695

Other intellectual property (1)
 
Indefinite
 
700

 

 
700

 
 
 
 
$
131,414

 
$
(42,019
)
 
$
89,395

 
(in thousands)
 
 
 
As of December 31, 2014
 
 
 
 
Gross carrying
 
Accumulated
 
Net carrying
Intangible assets
 
Useful life
 
amount
 
amortization
 
amount
Customer relationships
 
1-11 years
 
$
74,656

  
$
(14,817
)
  
$
59,839

Trademarks/trade names
 
3-11 years
 
24,543

  
(4,322
)
  
20,221

Technology
 
5-10 years
 
25,223

  
(4,263
)
  
20,960

Non-compete agreements
 
2-5 years
 
3,645

  
(3,367
)
  
278

 
 
 
 
128,067

  
(26,769
)
  
101,298

Other intellectual property (1)
 
Indefinite
 
700

  

  
700

 
 
 
 
$
128,767

  
$
(26,769
)
  
$
101,998

 ______________________________
(1)
Included in this line item is a domain name valued at $0.3 million that Actua currently believes has an indefinite life, and a domain name for which Actua estimated the residual value to approximate its carrying value of $0.4 million as of both December 31, 2015 and December 31, 2014.
Remaining Estimated Amortization Expense
Remaining estimated amortization expense for the respective years is set forth as follows:
 
(in thousands)
 
 
 
2016
$
15,378

2017
14,839

2018
13,415

2019
12,103

2020
10,420

Thereafter
22,540

Remaining amortization expense
$
88,695