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Identifiable Intangible Assets
3 Months Ended
May 31, 2014
Identifiable Intangible Assets

NOTE 4—Identifiable Intangible Assets

Identifiable intangible assets consist primarily of trademarks, copyrights and patents, purchased technologies, customer and reseller relationships and covenants not to compete which are amortized over the estimated useful life, generally on a straight-line basis with the exception of customer and reseller relationships which are generally amortized over the greater of straight-line or the related asset’s pattern of economic benefit. Useful lives range from three to ten years. As of May 31, 2014 and February 28, 2014, trademarks with an indefinite estimated useful life totaled $10.2 million and $9.6 million, respectively.

The following is a summary of identifiable intangible assets (in thousands):

 

     As of May 31, 2014      As of February 28, 2014  
     Gross
Amount
     Accumulated
Amortization
    Net
Amount
     Gross
Amount
     Accumulated
Amortization
    Net
Amount
 

Trademarks, copyrights and patents

   $ 107,849       $ (36,692   $ 71,157       $ 105,269       $ (34,784   $ 70,485   

Purchased technologies

     80,906         (58,310     22,596         79,433         (55,960     23,473   

Customer and reseller relationships

     96,987         (64,848     32,139         89,992         (63,075     26,917   

Covenants not to compete

     14,469         (6,501     7,968         10,690         (5,977     4,713   

Other intangible assets

     8,920         (1,454     7,466         8,922         (1,111     7,811   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total identifiable intangible assets

   $ 309,131       $ (167,805   $ 141,326       $ 294,306       $ (160,907   $ 133,399   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Amortization expense associated with identifiable intangible assets recognized in the Company’s Consolidated Financial Statements for the three months ended May 31, 2014 and May 31, 2013 is summarized as follows (in thousands):

 

     Three Months Ended  
     May 31, 2014      May 31, 2013  

Cost of revenue

   $ 2,960       $ 2,672   

Sales and marketing

     1,583         1,958   

Research and development

     956         959   

General and administrative

     1,429         1,537   
  

 

 

    

 

 

 

Total amortization expense

   $ 6,928       $ 7,126