Classmates.com 2003 Annual Report Download - page 58

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Gross unrealized gains are presented net of tax in accumulated other comprehensive income on the consolidated balance sheets. The
Company had no material realized gains or losses from the sale of investments in the six months ended December 31, 2003 and the years ended
June 30, 2003, 2002 and 2001.
Maturities of short-term investments were as follows (in thousands):
Property and Equipment
Property and equipment consists of the following (in thousands):
Depreciation expense for the six months ended December 31, 2003 and the years ended June 30, 2003, 2002 and 2001 was $3.1 million,
$11.1 million, $18.3 million and $16.3 million, respectively. At December 31, 2003 and June 30, 2003, assets under capital leases and the
related accumulated amortization were not material. At June 30, 2002, assets under capital leases and the related accumulated amortization
were $16.1 million and $12.9 million, respectively.
F-21
Goodwill and Intangible Assets
There were no changes in the carrying amount of goodwill for the years ended June 30, 2003 and 2002. The change in goodwill for the six
months ended December 31, 2003 is as follows (in thousands):
Intangible assets consist of the following (in thousands):
December 31, 2003
June 30, 2003
June 30, 2002
Amortized
Cost
Estimated
Fair Value
Amortized
Cost
Estimated
Fair Value
Amortized
Cost
Estimated
Fair Value
Maturing within 1 year
$
41,581
$
41,861
$
29,417
$
29,770
$
30,398
$
30,552
Maturing between 1 year and 4 years
88,823
90,628
73,537
76,620
66,399
67,260
Total
$
130,404
$
132,489
$
102,954
$
106,390
$
96,797
$
97,812
June 30,
December 31,
2003
2003
2002
Computer software and equipment
$
54,535
$
53,530
$
52,961
Furniture and fixtures
6,911
6,951
6,568
61,446
60,481
59,529
Less: accumulated depreciation
(48,018
)
(48,946
)
(43,029
)
Total $
13,428
$
11,535
$
16,500
Balance at June 30, 2003
$
10,940
Recognition of acquired deferred tax assets
(1,399
)
Balance at December 31, 2003
$
9,541
December 31, 2003
Cost
Accumulated
Amortization
Net
Pay subscribers and free users
$
61,200
$
(34,450
)
$
26,750
Software and technology
3,750
(1,870
)
1,880
Patents, trademarks and other
4,639
(2,542
)
2,097