Cincinnati Bell 2015 Annual Report Download - page 197

Form 10-K Part II Cincinnati Bell Inc.
7. Goodwill and Intangible Assets
Goodwill
At December 31, 2015 and 2014, the gross value of goodwill was $14.3 million and $14.4 million,
respectively. The changes in the carrying amount of goodwill for the years ended December 31, 2015 and 2014
were as follows:
(dollars in millions)
Entertainment and
Communications
IT Services and
Hardware Total
Balance as of December 31, 2014 and 2013 ...................... $11.8 $ 2.6 $14.4
Disposal of asset ........................................... — (0.1) (0.1)
Balance as of December 31, 2015 .............................. $11.8 $ 2.5 $14.3
Intangible Assets Subject to Amortization
As of December 31, 2015 and 2014, intangible assets subject to amortization consisted of customer
relationships. For the years ended December 31, 2015, 2014, and 2013, no impairment losses were recognized on
intangible assets subject to amortization.
Summarized below are the carrying values for the intangible assets subject to amortization:
(dollars in millions)
Weighted-
Average
Life in
Years
December 31, 2015 December 31, 2014
Gross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Customer relationships — Entertainment and
Communications ........................... 10 $7.0 $6.8 $7.0 $6.5
Amortization expense for intangible assets subject to amortization was $0.3 million in 2015, $0.4 million in
2014, and $2.1 million in 2013.
The following table presents estimated amortization expense for the assets’ remaining useful lives:
(dollars in millions)
2016 ................................................ $0.2
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Form 10-K