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Goodwill and Other Intangibles (Tables)
9 Months Ended
Sep. 30, 2013
Goodwill and Other Intangibles  
Summary of Activity in Goodwill Account

 

 

(in millions)

 

September 30, 2013

 

Balance, December 31, 2012

 

$

8.7

 

Acquisitions

 

444.4

 

Balance, September 30, 2013

 

$

453.1

 

Summary of Intangible Assets

 

 

 

 

As of September 30, 2013

 

(in millions)

 

Useful Life 
(in years)

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net Carrying
Amount

 

Intangible assets:

 

 

 

 

 

 

 

 

 

Technology

 

3 – 5

 

$

26.9

 

$

(3.7

)

$

23.2

 

Customer relationships

 

12

 

10.0

 

(0.6

)

9.4

 

Trademarks

 

3

 

5.0

 

(1.1

)

3.9

 

FCC licenses and other

 

1 - 20

 

2.7

 

(0.7

)

2.0

 

Total

 

 

 

$

44.6

 

$

(6.1

)

$

38.5

 

Schedule of estimated future annual amortization expense for acquired intangible assets

 

 

(in millions)

 

 

 

Fiscal Years Ending December 31,

 

Amount

 

2013(1)

 

$

2.3

 

2014

 

9.1

 

2015

 

8.2

 

2016

 

6.2

 

2017

 

6.1

 

Thereafter

 

6.6

 

Total amortization expense

 

$

38.5

 

 

 

(1)         Represents estimated amortization for the remaining three month period ended December 31, 2013.