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, 2011
Goodwill and Other Intangible Assets [Abstract]  
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, 2009
    27,366  
Goodwill acquired
    46,457  
Other
    62  
 
     
Balance at December 31, 2010
    73,885  
Goodwill acquired
    55,500  
Other
    (93 )
 
     
Balance at December 31, 2011
  $ 129,292  
 
     
Other intangible assets consisted of the following at December 31, 2011 and 2010:
                                                         
            December 31, 2011     December 31, 2010  
    Amortization     Carrying     Accumulated             Carrying     Accumulated        
    Period     Amount     Amortization     Net     Amount     Amortization     Net  
    (in thousands)  
Finite-lived intangible assets
                                                       
Developed technologies
  3 years   $ 25,963     $ (14,847 )   $ 11,116     $ 21,082     $ (7,618 )   $ 13,464  
Customer relationships
  1-10 years     74,233       (14,949 )     59,284       34,923       (6,932 )     27,991  
Vendor relationships
  7 years     5,650       (3,316 )     2,334       5,650       (2,480 )     3,170  
Option to purchase building
  1 year                       131       (22 )     109  
Non-competition agreement
  4-5 years                       120       (112 )     8  
 
                                         
Total finite-lived intangible assets
            105,846       (33,112 )     72,734       61,906       (17,164 )     44,742  
Indefinite-lived intangible assets Tradenames
            39,574             39,574       9,619             9,619  
 
                                           
Total intangible assets
          $ 145,420     $ (33,112 )   $ 112,308     $ 71,525     $ (17,164 )   $ 54,361  
 
                                           
There was no impairment of goodwill or trade names indicated during 2011 or 2010. In the fourth quarter 2011, we paid $1.9 million to acquire domain names and other intangible assets. Amortization of finite-lived intangible assets was $16.2 million, $9.4 million and $4.5 million for the years ended December 31, 2011, 2010 and 2009, respectively.
As of December 31, 2011, the following table sets forth the estimated amortization of intangible assets for the years ending December 31:
         
    (in thousands)  
2012
  $ 16,222  
2013
    11,631  
2014
    10,539  
2015
    8,040  
2016
    6,384