Impairment Charges

12 Months Ended

Dec. 31, 2015

Impairment Charge

Impairment Charges

7. Impairment Charges

In 2013, during the strategic review of its product offerings, the Company decided to discontinue three products. In connection with discontinuing these products, the Company considered the recoverability of the carrying value of certain fixed assets (primarily software) and certain intangible assets held for use (primarily customer relationships), which resulted in an impairment charge of $2.6 million. These losses reflect the amounts by which the carrying values of these assets exceed their estimated fair values determined by their estimated future discounted cash flows and are recorded as impairment charges on the consolidated statement of operations.

There were no impairment charges related to long‑lived assets during 2015 and 2014.