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Goodwill and Intangible Assets, net (Tables)
12 Months Ended
Dec. 31, 2014
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):  

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

Gross Carrying

 

 

Impairment

 

 

Net Carrying

 

 

 

Amount

 

 

Losses

 

 

Amount

 

Goodwill as of December 31, 2012

 

$

88,230

 

 

$

(304

)

 

$

87,926

 

Increase in goodwill due to Bolt's acquisition of Superior Access

 

 

2,540

 

 

 

-

 

 

 

2,540

 

Goodwill as of December 31, 2013

 

 

90,770

 

 

 

(304

)

 

 

90,466

 

Increase in goodwill due to MSDSonline'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

 

 

314

 

 

 

-

 

 

 

314

 

Increase in goodwill due to FolioDynamix acquisition

 

 

165,414

 

 

 

-

 

 

 

165,414

 

Goodwill as of December 31, 2014

 

$

264,490

 

 

$

(304

)

 

$

264,186

 

 

Summary of Intangible Assets from Continuing Operations

The following table summarizes Actua’s intangible assets from continuing operations (in thousands):

 

 

 

 

 

 

 

 

As of December 31, 2014

 

 

 

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

Intangible Assets

 

Useful Life

 

 

Amount

 

 

Amortization

 

 

Amount

Customer relationships

 

1-11 years

 

$

74,948

 

$

(14,817)

 

$

60,131

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

 

 

3,680

 

 

(3,367)

 

 

313

 

 

 

 

 

128,394

 

 

(26,769)

 

 

101,625

Other intellectual property

 

Indefinite

 

 

700

 

 

-

 

 

700

 

 

 

 

$

129,094

 

$

(26,769)

 

$

102,325

 

 

 

 

 

As of December 31, 2013

 

 

 

 

Gross Carrying

 

Accumulated

 

Net Carrying

Intangible Assets

 

Useful Life

 

Amount

 

Amortization

 

Amount

Customer relationships

 

1-11 years

 

$                    45,601

 

$                    (9,546)

 

$                    36,055

Trademarks/trade names

 

3-11 years

 

15,813

 

(2,373)

 

13,440

Technology

 

5-10 years

 

9,527

 

(2,161)

 

7,366

Non-compete agreements

 

2-5 years

 

3,666

 

(2,172)

 

1,494

 

 

 

 

74,607

 

(16,252)

 

58,355

Other intellectual property

 

Indefinite

 

400

 

-

 

400

 

 

 

 

$                    75,007

 

$                  (16,252)

 

$                    58,755

 

Remaining Estimated Amortization Expense

Remaining estimated amortization expense is as follows (in thousands):  

 

2015

 

$

14,641

 

2016

 

 

14,211

 

2017

 

 

13,715

 

2018

 

 

12,401

 

2019

 

 

11,586

 

Thereafter

 

 

35,071

 

Remaining amortization expense

 

$

101,625