2K Sports 2009 Annual Report Download - page 93

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The change in our goodwill balance by operating segment was as follows:
Publishing Distribution Total
Balance at November 1, 2007 $190,125 $ 14,720 $204,845
Additions and adjustments 33,021 — 33,021
Currency translation adjustment (6,489) (568) (7,057)
Balance at October 31, 2008 216,657 14,152 230,809
Additions and Adjustments 1,898 — 1,898
Impairment charges — (14,462) (14,462)
Currency translation adjustment 2,326 310 2,636
Balance at October 31, 2009 $220,881 $—$220,881
During the year ended October 31, 2009 the Company impaired the remaining $292 of net intangible assets
related to our distribution reporting unit. The following table sets forth the components of the intangible
assets subject to amortization:
October 31, 2009 October 31, 2008
Estimated
Useful Gross Gross
Lives Carrying Accumulated Net Book Carrying Accumulated Net Book
(Years) Amount Amortization Value Amount Amortization Value
Trademarks 7-10 $13,796 $(12,101) $ 1,695 $13,777 $(10,817) $ 2,960
Customer lists and relationships 5-10 ———4,674 (4,107) 567
Intellectual property 2-6 26,959 (6,775) 20,184 26,956 (6,399) 20,557
Non-compete 5-10 5,248 (4,344) 904 6,186 (4,690) 1,496
Technology 3 4,458 (4,017) 441 4,308 (3,765) 543
$50,461 $(27,237) $23,224 $55,901 $(29,778) $26,123
The change in the gross carrying amount of intangibles for the years ended October 31, 2009 and 2008 was
as follows:
October 31,
2009 2008
Beginning balance $55,901 $56,915
Recognized in connection with acquisitions —1,300
Impairment charges (4,674) (2,498)
Write-off of fully amortized assets (938) —
Other 172 184
Ending balance $50,461 $55,901
Amortization of intangible assets is included in our statement of operations as follows:
Years ended October 31,
2009 2008 2007
Cost of goods sold $ 478 $2,350 $3,462
Depreciation and amortization 2,136 4,229 3,334
Total amortization of intangible assets $ 2,614 $6,579 $6,796
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