Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill is generally not deductible for tax purposes. The following table presents the goodwill activity for the periods presented (in thousands):



Goodwill—December 31, 2015	$	1,507,093
Acquisitions	90,365
Other	(35		)
Goodwill—June 30, 2016	$	1,597,423

Other Intangible Assets

The following table presents the detail of other intangible assets for the periods presented (dollars in thousands):



	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted- Average Remaining Life ⁽¹⁾
June 30, 2016:
Customer and subscriber relationships	$	226,500	$	(81,792	)	$	144,708	2.5 years
Developed technology	173,192		(118,744		)	54,448		1.0 year
Content ⁽²⁾	98,000		(52,675		)	45,325		1.9 years
Patents	63,128		(12,884		)	50,244		8.8 years
Other intangible assets	13,434		(12,217		)	1,217		2.8 years
Total	$	574,254	$	(278,312	)	$	295,942	3.2 years
December 31, 2015:
Customer and subscriber relationships	$	226,100	$	(46,139	)	$	179,961	2.9 years
Developed technology	165,187		(88,361		)	76,826		1.4 years
Content ⁽²⁾	98,000		(30,625		)	67,375		2.4 years
Patents	56,878		(10,120		)	46,758		9.5 years
Other intangible assets	13,434		(11,267		)	2,167		1.4 years
Total	$	559,599	$	(186,512	)	$	373,087	3.2 years

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(1)	The weighted-average remaining life of other intangible assets excludes the impact of $0.8 million in indefinite-lived intangible assets, which consists of domain names, as of June 30, 2016 and December 31, 2015.


(2)	The amortization method for the content intangible asset is 50% the first year, 30% the second year, and 20% in the third year. The remaining definite-lived intangible assets are amortized using the straight-line method.

Amortization expense for the three months ended June 30, 2016 and 2015 was $44.4 million and $29.5 million, respectively, and $91.8 million and $41.3 million for the six months ended June 30, 2016 and 2015, respectively. Estimated amortization expense of intangible assets for future periods as of June 30, 2016, is as follows (in thousands):



Year Ending December 31,	Amortization Expense
Remainder of 2016	$	81,861
2017	107,644
2018	55,300
2019	21,400
2020	5,946
Thereafter	23,015
Total	$	295,166

- 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.

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