Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2015

5. Goodwill and Intangible Assets

Goodwill and intangible assets consisted of the following as of March 31, 2015 and December 31, 2014:

	March 31, 2015			Weighted Average Remaining Useful Life	December 31, 2014			Weighted Average Remaining Useful Life
	(in thousands)			(in years)	(in thousands)			(in years)
Developed technology	$	6,050		2.7	$	6,050		2.9
Domain names	950			3.4	950			3.6
Customer relationships	1,600			1.4	1,600			1.6
Non-compete agreements	580			2.7	580			3.0
Capitalized software development costs	3,075			1.6	2,042			1.2
	12,255				11,222
Less accumulated amortization	(4,882		)		(4,146		)
Intangible assets, net	7,373				7,076
Goodwill	29,201				29,201
Goodwill and intangible assets, net	$	36,574			$	36,277

Amortization expense for the periods indicated below was as follows (in thousands):

	Three Months Ended March 31,
	2015		2014
Amortization expense	$	736	$	517

Based on the carrying amount of intangible assets as of March 31, 2015, the estimated future amortization is as follows (in thousands):

	Nine Months Ending December 31,		Years Ending December 31,
	2015		2016		2017		2018		2019		Total
Developed Technology	$	1,131	$	1,508	$	1,406	$	—	$	—	$	4,045
Domain Names	137		180		100		100		29		546
Customer Relationships	410		315		—		—		—		725
Non-Compete Agreements	113		150		144		—		—		407
Capitalized Software Development Costs	879		649		122		—		—		1,650

Total	$	2,670	$	2,802	$	1,772	$	100	$	29	$	7,373

- 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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