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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 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
 
$
260,115

   
$
(39,656
)
 
$
220,459

   Acquisitions(1)
 
2,235

  

 
2,235

Goodwill as of September 30, 2016
 
$
262,350

  
$
(39,656
)
 
$
222,694

Summary of Intangible Assets from Continuing Operations
The following table summarizes Actua’s intangible assets:
(in thousands)
 
 
 
As of September 30, 2016
 
 
 
 
Gross Carrying
 
Accumulated
 
Net Carrying
Intangible Assets
 
Useful Life
 
Amount
 
Amortization
 
Amount
Customer relationships
 
1-11 years
 
$
63,307

 
$
(19,947
)
 
$
43,360

Trademarks/trade names
 
3-11 years
 
22,898

 
(9,240
)
 
13,658

Technology
 
5-10 years
 
25,083

 
(9,678
)
 
15,405

Non-compete agreements
 
2-5 years
 
3,605

 
(3,533
)
 
72

 
 
 
 
114,893

 
(42,398
)
 
72,495

Other intellectual property (1)
 
Indefinite
 
700

 

 
700

 
 
 
 
$
115,593

 
$
(42,398
)
 
$
73,195

 
(in thousands)
 
 
 
As of December 31, 2015
 
 
 
 
Gross Carrying
 
Accumulated
 
Net Carrying
Intangible Assets
 
Useful Life
 
Amount
 
Amortization
 
Amount
Customer relationships
 
1-11 years
 
$
61,820

  
$
(14,377
)
  
$
47,443

Trademarks/trade names
 
3-11 years
 
22,898

  
(6,829
)
  
16,069

Technology
 
5-10 years
 
23,086

  
(6,945
)
  
16,141

Non-compete agreements
 
2-5 years
 
3,605

  
(3,515
)
  
90

 
 
 
 
111,409

  
(31,666
)
  
79,743

Other intellectual property (1)
 
Indefinite
 
700

  

  
700

 
 
 
 
$
112,109

  
$
(31,666
)
  
$
80,443

____________________
(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 September 30, 2016 and December 31, 2015.
Remaining Estimated Amortization Expense
The remaining estimated amortization expense for the respective years is set forth as follows:
 
(in thousands)
 
 
 
2016 (remaining three months)
$
(3,533
)
2017
(13,810
)
2018
(12,345
)
2019
(10,806
)
2020
(9,387
)
Thereafter
(22,614
)
Remaining amortization expense
$
(72,495
)