Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2014

7. Goodwill and Intangible Assets

Goodwill represents the excess of the consideration paid over the fair value of the net tangible and identifiable intangible assets acquired in a business combination. The changes in the carrying value of goodwill are as follows (in thousands):

	Goodwill
Balance as of December 31, 2013	$	9,887
Acquisition of Yub		7,971
Foreign currency translation		22
Balance as of June 30, 2014	$	17,880

Intangible assets consist of the following (in thousands):

	June 30, 2014 Gross		Accumulated Amortization			Foreign Currency Translation		June 30, 2014 Net		Weighted Average Amortization Period (Years)
Domain names	$	3,180	$	(2,539	)	$	—	$	641	4
Patents		975		(520	)		—		455	7
Customer relationships		2,228		(1,412	)		73		889	3
Vendor relationships		890		(112	)		—		778	4
Developed technologies		1,288		(523	)		—		765	4
Trade names		167		(106	)		8		69	2
	$	8,728	$	(5,212	)	$	81	$	3,597	4

	December 31, 2013 Gross		Accumulated Amortization			Foreign Currency Translation		December 31, 2013 Net		Weighted Average Amortization Period (Years)
Domain names	$	2,638	$	(2,376	)	$	—	$	262	1
Patents		900		(470	)		—		430	7
Customer relationships		2,052		(1,239	)		51		864	3
Developed technologies		596		(420	)		—		176	3
Trade names		167		(91	)		5		81	3
	$	6,353	$	(4,596	)	$	56	$	1,813	4

Amortization expense related to intangible assets subject to amortization was $311,000 and $616,000 for the three and six months ended June 30, 2014, respectively, and $193,000 and $386,000 for the three and six months ended June 30, 2013. Estimated future amortization expense of intangible assets as of June 30, 2014 is as follows (in thousands):

	Total
2014, remaining six months	$	592
2015		1,046
2016		932
2017		559
2018		324
2019 and beyond		144
Total estimated amortization expense	$	3,597

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References+ Details