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Intangible Assets
3 Months Ended
Mar. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

7. Intangible Assets

 

Intangible assets consist of the following (in thousands):  

 

 

March 31, 2018

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

 

Weighted

Average

Amortization

Period

(Years)

 

Promotion service rights

$

22,492

 

 

$

(4,991

)

 

$

17,501

 

 

 

5.8

 

Developed technologies

 

12,187

 

 

 

(5,656

)

 

 

6,531

 

 

 

2.8

 

Customer relationships

 

11,660

 

 

 

(6,979

)

 

 

4,681

 

 

 

4.1

 

Data access rights

 

10,801

 

 

 

(3,129

)

 

 

7,672

 

 

 

4.1

 

Media service rights

 

6,383

 

 

 

(1,849

)

 

 

4,534

 

 

 

4.1

 

Domain names

 

5,949

 

 

 

(4,839

)

 

 

1,110

 

 

 

1.1

 

Trade names

 

1,767

 

 

 

(500

)

 

 

1,267

 

 

 

3.2

 

Patents

 

975

 

 

 

(782

)

 

 

193

 

 

 

4.2

 

Vendor relationships

 

890

 

 

 

(890

)

 

 

 

 

 

 

Registered users

 

420

 

 

 

(257

)

 

 

163

 

 

 

1.9

 

 

$

73,524

 

 

$

(29,872

)

 

$

43,652

 

 

 

4.5

 

 

As of March 31, 2018, and December 31, 2017, the Company has a domain name with a gross value of $0.4 million with an indefinite useful life that is not subject to amortization.

 

 

December 31, 2017

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

 

Weighted

Average

Amortization

Period

(Years)

 

Promotion service rights

$

22,492

 

 

$

(4,252

)

 

$

18,240

 

 

 

6.1

 

Developed technologies

 

12,187

 

 

 

(5,013

)

 

 

7,174

 

 

 

3.0

 

Customer relationships

 

11,660

 

 

 

(6,547

)

 

 

5,113

 

 

 

4.3

 

Data access rights

 

10,801

 

 

 

(2,666

)

 

 

8,135

 

 

 

4.3

 

Media service rights

 

6,383

 

 

 

(1,575

)

 

 

4,808

 

 

 

4.3

 

Domain names

 

5,949

 

 

 

(4,689

)

 

 

1,260

 

 

 

1.3

 

Trade names

 

1,767

 

 

 

(401

)

 

 

1,366

 

 

 

3.4

 

Patents

 

975

 

 

 

(769

)

 

 

206

 

 

 

4.5

 

Vendor relationships

 

890

 

 

 

(890

)

 

 

 

 

 

 

Registered users

 

420

 

 

 

(232

)

 

 

188

 

 

 

2.2

 

 

$

73,524

 

 

$

(27,034

)

 

$

46,490

 

 

 

4.7

 

 

Amortization expense related to intangible assets subject to amortization was $2.8 million and $2.4 million during the three months ended March 31, 2018 and 2017, respectively. Estimated future amortization expense related to intangible assets as of March 31, 2018 is as follows (in thousands):    

 

 

Total

 

2018, remaining nine months

$

8,629

 

2019

 

10,379

 

2020

 

8,962

 

2021

 

7,104

 

2022

 

4,408

 

2023 and beyond

 

3,817

 

Total estimated amortization expense

$

43,299