Goodwill, Intangible and Other Long-Lived Assets

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill, Intangible and Other Long-Lived Assets

The carrying amount of Goodwill was $453.4 million and $276.2 million as of December 31, 2015 and 2014. As of December 31, 2015, the amounts recognized for Goodwill and Intangible assets were in connection with the acquisition of Cyrus Networks as well as prior acquisitions, as described in Note 2, Formation and Recent Developments. For the year ended December 31, 2015, the additions to Goodwill, customer relationships, trade name and favorable leasehold interest related to the acquisition of Cervalis which were $177.2 million, $117.4 million, $2.3 million and $0.2 million, respectively.

Summarized below are the carrying values for the major classes of intangible assets:



IN MILLIONS
For the year ended December 31,		2015							2014
	Weighted- Average Remaining Life (in years)	Gross Carrying Amount		Accumulated Amortization			Total		Gross Carrying Amount		Accumulated Amortization			Total
Customer relationships	13	$	247.1	$	(87.5	)	$	159.6	$	129.7	$	(69.5	)	$	60.2
Trademark	10	7.4		(2.7		)	4.7		7.4		(2.3		)	5.1
Favorable leasehold interest	49	4.1		(0.4		)	3.7		3.9		(0.3		)	3.6
Trade name (not amortized)		2.3		—			2.3		—		—			—
Total		$	260.9	$	(90.6	)	$	170.3	$	141.0	$	(72.1	)	$	68.9

There were no goodwill or intangible asset impairments for the years ended December 31, 2015 or 2014.

Amortization expense for acquired intangible assets subject to amortization was $18.5 million, $17.0 million, $15.9 million and $1.0 million for the years ended December 31, 2015 and 2014, for the period ended December 31, 2013, and for the period ended January 23, 2013, respectively.

The following table presents estimated amortization expense for each of the next five years and thereafter, commencing January 1, 2016:



IN MILLIONS
2016	$	19.4
2017	17.3
2018	15.4
2019	13.8
2020	12.6
Thereafter	89.5
Total	$	168.0

- 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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