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Intangible Assets
3 Months Ended
Mar. 31, 2015
Intangible Assets  
Intangible Assets

5.Intangible Assets

Intangible assets consisted of the following at March 31, 2015 and December 31, 2014 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

    

At March 31, 2015

 

 

 

Gross Carrying

    

Accumulated

    

Net Carrying

 

 

 

Value

 

Amortization

 

Value

 

Acquired technology and domain name

 

$

31,090 

 

$

(11,551)

 

$

19,539 

 

Customer relationships

 

 

6,300 

 

 

(2,682)

 

 

3,618 

 

Tradenames

 

 

4,900 

 

 

(1,143)

 

 

3,757 

 

Total

 

$

42,290 

 

$

(15,376)

 

$

26,914 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2014

 

 

    

Gross Carrying

    

Accumulated

    

Net Carrying

 

 

 

Value

 

Amortization

 

Value

 

Acquired technology and domain name

 

$

31,090 

 

$

(10,788)

 

$

20,302 

 

Customer relationships

 

 

6,300 

 

 

(2,491)

 

 

3,809 

 

Tradenames

 

 

4,900 

 

 

(1,062)

 

 

3,838 

 

Total

 

$

42,290 

 

$

(14,341)

 

$

27,949 

 

 

Amortization expense for the three months ended March 31, 2015 and 2014 was $1.0 million and $1.1 million, respectively. 

Amortization expense with respect to intangible assets at March 31, 2015 for each of the five years through December 31, 2019 and thereafter is as follows (in thousands):

 

 

 

 

 

 

Nine months ending December 31, 2015

    

$

3,099 

 

2016

 

 

4,041 

 

2017

 

 

3,862 

 

2018

 

 

3,861 

 

2019

 

 

3,792 

 

Thereafter

 

 

8,259 

 

Total amortization expense

 

$

26,914