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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 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

 

 

Accumulated

 

 

Net Carrying

 

 

Amount

 

 

Impairment

 

 

Amount

 

 

 

 

 

 

Losses

 

 

 

 

 

Goodwill as of December 31, 2014

$

265,247

 

 

$

(304

)

 

$

264,943

 

Change in goodwill during the three months ended March 31, 2015

 

-

 

 

 

-

 

 

 

-

 

Goodwill as of March 31, 2015

$

265,247

 

 

$

(304

)

 

$

264,943

 

 

Summary of Intangible Assets from Continuing Operations

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

 

 

 

 

 

As of March 31, 2015

 

 

 

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

Intangible Assets

 

Useful Life

 

Amount

 

 

Amortization

 

 

Amount

 

Customer relationships

 

1-11 years

 

$

74,948

 

 

$

(16,889

)

 

$

58,059

 

Trademarks/trade names

 

3-11 years

 

 

24,543

 

 

 

(5,177

)

 

 

19,366

 

Technology

 

5-10 years

 

 

25,223

 

 

 

(5,198

)

 

 

20,025

 

Non-compete agreements

 

2-5 years

 

 

3,680

 

 

 

(3,521

)

 

 

159

 

 

 

 

 

 

128,394

 

 

 

(30,785

)

 

 

97,609

 

Other intellectual property (1)

 

Indefinite

 

 

700

 

 

 

-

 

 

 

700

 

 

 

 

 

$

129,094

 

 

$

(30,785

)

 

$

98,309

 

 

      

 

 

 

 

 

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 (1)

 

Indefinite

 

700

 

 

 

-

 

 

700

 

 

 

 

 

$

129,094

 

 

$

(26,769

)

 

$

102,325

 

 

(1) One of the assets included in this line item is no longer considered to have an indefinite life following Actua’s name change on September 2, 2014. However, Actua estimated that the residual value of this asset approximated its carrying value of $0.4 million as of both March 31, 2015 and December 31, 2014.

Remaining Estimated Amortization Expense

Remaining estimated amortization expense for the respective years set forth below is as follows (in thousands):

 

2015 (remaining nine months)

 

$

11,123

 

2016

 

 

13,813

 

2017

 

 

13,389

 

2018

 

 

12,130

 

2019

 

 

11,333

 

Thereafter

 

 

35,821

 

Remaining amortization expense

 

$

97,609