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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2016
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, 2015
 
$
265,994

   
$
(39,960
)
 
$
226,034

   Acquisitions
 

  

 

Goodwill as of March 31, 2016
 
$
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 March 31, 2016
 
 
 
 
Gross Carrying
 
Accumulated
 
Net Carrying
Intangible Assets
 
Useful Life
 
Amount
 
Amortization
 
Amount
Customer relationships
 
1-11 years
 
$
77,279

 
$
(24,835
)
 
$
52,444

Trademarks/trade names
 
3-11 years
 
24,834

 
(8,626
)
 
16,208

Technology
 
5-10 years
 
27,069

 
(9,064
)
 
18,005

Non-compete agreements
 
2-5 years
 
3,645

 
(3,558
)
 
87

 
 
 
 
132,827

 
(46,083
)
 
86,744

Other intellectual property (1)
 
Indefinite
 
700

 

 
700

 
 
 
 
$
133,527

 
$
(46,083
)
 
$
87,444

 
(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

____________________
(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 March 31, 2016 and December 31, 2015.
Remaining Estimated Amortization Expense
Remaining estimated amortization expense for the respective years is set forth as follows:
 
(in thousands)
 
 
 
2016 (remaining nine months)
$
(11,873
)
2017
(15,383
)
2018
(13,868
)
2019
(12,299
)
2020
(10,709
)
Thereafter
(22,613
)
Remaining amortization expense
$
(86,744
)