RealPage, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

The change in the carrying amount of goodwill for the six months ended June 30, 2014 is as follows:



	(in thousands)
Balance at December 31, 2013	$	152,422
Goodwill acquired	44,509
Other	727
Balance at June 30, 2014	$	197,658

Other intangible assets consisted of the following at June 30, 2014 and December 31, 2013:



		June 30, 2014							December 31, 2013
	Amortization Period	Carrying Amount		Accumulated Amortization			Net		Carrying Amount		Accumulated Amortization			Net
	(in thousands)
Finite-lived intangible assets
Developed technologies	3 years	$	52,335	$	(34,441	)	$	17,894	$	45,014	$	(29,952	)	$	15,062
Customer relationships	1-10 years	85,633		(38,855		)	46,778		85,823		(33,503		)	52,320
Vendor relationships	7 years	5,650		(5,001		)	649		5,650		(4,709		)	941
Total finite-lived intangible assets		143,618		(78,297		)	65,321		136,487		(68,164		)	68,323
Indefinite-lived intangible assets
Tradenames		41,061		—			41,061		40,492		—			40,492
Total intangible assets		$	184,679	$	(78,297	)	$	106,382	$	176,979	$	(68,164	)	$	108,815

Amortization of finite-lived intangible assets was $5.1 million and $4.1 million for the three months ended, and $10.1 million and $7.9 million for the six months ended June 30, 2014 and 2013, respectively.

- 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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