Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets

v2.4.0.6
Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2012
Goodwill and Other Intangible Assets

5. Goodwill and Other Intangible Assets

The change in the carrying amount of goodwill is as follows:

 

     (in thousands)  

Balance at December 31, 2010

   $ 73,885   

Goodwill acquired

     55,500   

Other

     (93
  

 

 

 

Balance at December 31, 2011

     129,292   

Goodwill acquired

     5,893   

Other

     (1,160
  

 

 

 

Balance at December 31, 2012

   $ 134,025   
  

 

 

 

Other intangible assets consisted of the following at December 31, 2012 and 2011:

 

    

 

     December 31, 2012      December 31, 2011  
     Amortization
Period
     Carrying
Amount
     Accumulated
Amortization
    Net      Carrying
Amount
     Accumulated
Amortization
    Net  
     (in thousands)  

Finite-lived intangible assets:

                  

Developed technologies

     3 years       $ 32,983       $ (23,215   $ 9,768       $ 25,963       $ (14,847   $ 11,116   

Customer relationships

     1-10 years         77,847         (24,151     53,696         74,233         (14,949     59,284   

Vendor relationships

     7 years         5,650         (4,052     1,598         5,650         (3,316     2,334   
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total finite-lived intangible assets

        116,480         (51,418     65,062         105,846         (33,112     72,734   

Indefinite-lived intangible assets:

                  

Trade names

        39,578         —          39,578         39,574         —          39,574   
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total intangible assets

      $ 156,058       $ (51,418   $ 104,640       $ 145,420       $ (33,112   $ 112,308   
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

There was no impairment of goodwill or trade names indicated during 2012 or 2011. In 2012 and 2011, we paid $0.4 million and $1.9 million to acquire domain names and other intangible assets. Amortization of finite-lived intangible assets was $18.3 million, $16.2 million and $9.4 million for the years ended December 31, 2012, 2011 and 2010, respectively.

As of December 31, 2012, the following table sets forth the estimated amortization of intangible assets for the years ending December 31:

 

     (in thousands)  

2013

   $ 14,271   

2014

     13,086   

2015

     9,592   

2016

     7,307   

2017

     6,135