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Intangible Assets
6 Months Ended
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

4. Intangible Assets

Intangible assets consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2016

 

 

 

Gross carrying

 

Accumulated

 

Net carrying

 

 

 

amount

 

amortization

 

amount

 

Customer relationships

 

$

1,628

 

$

(1,267)

 

$

361

 

Artist relationships

 

 

11,719

 

 

(10,077)

 

 

1,642

 

Media content

 

 

93,613

 

 

(86,240)

 

 

7,373

 

Technology

 

 

5,854

 

 

(3,356)

 

 

2,498

 

Non-compete agreements

 

 

217

 

 

(197)

 

 

20

 

Trade names

 

 

7,140

 

 

(3,840)

 

 

3,300

 

 

 

$

120,171

 

$

(104,977)

 

$

15,194

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

 

Gross carrying

 

Accumulated

 

Net carrying

 

 

 

amount

 

amortization

 

amount

 

Customer relationships

 

$

1,628

 

$

(1,107)

 

$

521

 

Artist relationships

 

 

11,719

 

 

(8,340)

 

 

3,379

 

Media content

 

 

95,785

 

 

(85,018)

 

 

10,767

 

Technology

 

 

5,854

 

 

(2,842)

 

 

3,012

 

Non-compete agreements

 

 

217

 

 

(160)

 

 

57

 

Trade names

 

 

7,150

 

 

(3,554)

 

 

3,596

 

 

 

$

122,353

 

$

(101,021)

 

$

21,332

 

 

Identifiable finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives commencing on the date that the asset is available for its intended use.

Total amortization expense for the periods shown below includes (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended June 30, 

 

Six months ended June 30, 

 

 

    

2016

    

2015

    

2016

    

2015

 

Service costs

 

$

1,786

 

$

5,879

 

$

3,486

 

$

8,714

 

Sales and marketing

 

 

948

 

 

949

 

 

1,897

 

 

1,965

 

Product development

 

 

246

 

 

246

 

 

493

 

 

947

 

General and administrative

 

 

134

 

 

151

 

 

270

 

 

310

 

Total amortization

 

$

3,114

 

$

7,225

 

$

6,146

 

$

11,936

 

Service costs include accelerated amortization charges of $0.4 million and $3.3 million for the three months ended June 30, 2016 and 2015, respectively, and $0.5 million and $3.3 million for the six months ended June 30, 2016 and 2015, respectively, as a result of removing certain assets from service.