Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets

v2.4.0.8
Goodwill and Other Intangible Assets
6 Months Ended
Jun. 30, 2013
Goodwill and Other Intangible Assets

5. Goodwill and Other Intangible Assets

The change in the carrying amount of goodwill for the six months ended June 30, 2013 is as follows:

 

     (in thousands)  

Balance at December 31, 2012

   $ 134,025   

Goodwill acquired

     5,601   

Other

     40   
  

 

 

 

Balance at June 30, 2013

   $ 139,666   
  

 

 

 

Other intangible assets consisted of the following at June 30, 2013 and December 31, 2012:

 

            June 30, 2013      December 31, 2012  
     Amortization
Period
     Carrying
Amount
     Accumulated
Amortization
    Net      Carrying
Amount
     Accumulated
Amortization
    Net  
     (in thousands)  

Finite-lived intangible assets

                  

Developed technologies

     3 years       $ 38,530       $ (26,726   $ 11,804       $ 32,983       $ (23,215   $ 9,768   

Customer relationships

     1-10 years         81,613         (28,303     53,310         77,847         (24,151     53,696   

Vendor relationships

     7 years         5,650         (4,392     1,258         5,650         (4,052     1,598   
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total finite-lived intangible assets

        125,793         (59,421     66,372         116,480         (51,418     65,062   

Indefinite-lived intangible assets

                  

Tradenames

        39,570         —          39,570         39,578         —          39,578   
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total intangible assets

      $ 165,363       $ (59,421   $ 105,942       $ 156,058       $ (51,418   $ 104,640   
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

 

Amortization of finite-lived intangible assets was $4.1 million and $4.4 million for the three months ended, and $7.9 million and $8.8 million for six months ended June 30, 2013 and 2012, respectively.