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Goodwill and Acquired Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Components of Acquired Intangible Assets (Finite Lived)

The components of acquired intangible assets as of December 31, 2014 and 2013 were as follows:

 

 

 

December 31, 2014

 

 

December 31, 2013

 

 

 

Gross Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Value

 

 

Gross Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Value

 

 

 

(in thousands)

 

Developed technology

 

$

5,143

 

 

$

(2,392

)

 

$

2,751

 

 

$

5,143

 

 

$

(677

)

 

$

4,466

 

Customer and vendor relationships, databases

 

 

191,979

 

 

 

(30,067

)

 

 

161,912

 

 

 

191,979

 

 

 

(17,680

)

 

 

174,299

 

Total amortizable intangible assets

 

 

197,122

 

 

 

(32,459

)

 

 

164,663

 

 

 

197,122

 

 

 

(18,357

)

 

 

178,765

 

Indefinite-lived trademarks

 

 

89,676

 

 

 

 

 

 

89,676

 

 

 

89,676

 

 

 

 

 

 

89,676

 

Total acquired intangible assets

 

$

286,798

 

 

$

(32,459

)

 

$

254,339

 

 

$

286,798

 

 

$

(18,357

)

 

$

268,441

 

 

The components of the acquired intangibles added during the year ended December 31, 2013 were as follows:

 

 

 

December 31, 2013

 

 

 

Amount

 

 

Weighted-Average Amortization

Period

(years)

 

Developed technology

 

$

5,143

 

 

 

3

 

Customer and vendor relationships, databases

 

 

167,450

 

 

 

16.4

 

Indefinite-lived trademarks

 

 

85,276

 

 

Indefinite

 

 

 

$

257,869

 

 

 

 

 

 

Components of Acquired Intangible Assets (Infinite Lived)

The components of acquired intangible assets as of December 31, 2014 and 2013 were as follows:

 

 

 

December 31, 2014

 

 

December 31, 2013

 

 

 

Gross Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Value

 

 

Gross Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Value

 

 

 

(in thousands)

 

Developed technology

 

$

5,143

 

 

$

(2,392

)

 

$

2,751

 

 

$

5,143

 

 

$

(677

)

 

$

4,466

 

Customer and vendor relationships, databases

 

 

191,979

 

 

 

(30,067

)

 

 

161,912

 

 

 

191,979

 

 

 

(17,680

)

 

 

174,299

 

Total amortizable intangible assets

 

 

197,122

 

 

 

(32,459

)

 

 

164,663

 

 

 

197,122

 

 

 

(18,357

)

 

 

178,765

 

Indefinite-lived trademarks

 

 

89,676

 

 

 

 

 

 

89,676

 

 

 

89,676

 

 

 

 

 

 

89,676

 

Total acquired intangible assets

 

$

286,798

 

 

$

(32,459

)

 

$

254,339

 

 

$

286,798

 

 

$

(18,357

)

 

$

268,441

 

 

The components of the acquired intangibles added during the year ended December 31, 2013 were as follows:

 

 

 

December 31, 2013

 

 

 

Amount

 

 

Weighted-Average Amortization

Period

(years)

 

Developed technology

 

$

5,143

 

 

 

3

 

Customer and vendor relationships, databases

 

 

167,450

 

 

 

16.4

 

Indefinite-lived trademarks

 

 

85,276

 

 

Indefinite

 

 

 

$

257,869

 

 

 

 

 

 

Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the years ended December 31, 2014 and 2013 were as follows.

 

 

 

Goodwill

 

 

Accumulated Impairment Losses

 

 

Net Book Value

 

 

 

(in thousands)

 

Balance as of December 31, 2012

 

$

113,442

 

 

$

 

 

$

113,442

 

Acquisition of GrubHub Holdings Inc.

 

 

239,346

 

 

 

 

 

 

239,346

 

Balance as of December 31, 2013

 

 

352,788

 

 

 

 

 

 

352,788

 

Balance as of December 31, 2014

 

$

352,788

 

 

$

 

 

$

352,788

 

 

Estimated Future Amortization of Acquired Intangible Assets

Estimated future amortization expense of acquired intangible assets as of December 31, 2014 was as follows:

 

 

 

(in thousands)

 

2015

 

$

14,102

 

2016

 

 

13,344

 

2017

 

 

12,068

 

2018

 

 

12,068

 

2019

 

 

10,656

 

Thereafter

 

 

102,425

 

Total

 

$

164,663