Classmates.com 2007 Annual Report Download - page 109

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UNITED ONLINE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
3. BALANCE SHEET COMPONENTS (Continued)
Amortization expense related to intangible assets for the years ended December 31, 2007, 2006 and 2005 was $12.8 million, $17.6 million,
and $21.8 million, respectively.
Estimated future intangible asset amortization expense at December 31, 2007 is as follows (in thousands):
Accrued Liabilities
Accrued liabilities consisted of the following (in thousands):
Term Loan
In December 2004, the Company borrowed $100 million through a term loan facility (the "term loan") dated December 3, 2004. A small
portion of the proceeds of the term loan was used to purchase shares tendered pursuant to a tender offer of the Company's common stock
initiated by the Company in 2004 and to pay related fees and expenses. The funds were available for general corporate purposes, stock
repurchases and acquisitions, subject to certain limitations.
F-27
December 31, 2006
Cost
Accumulated
Amortization
Net
Pay accounts and free accounts
$
107,903
$
(76,810
)
$
31,093
Trademarks and trade names
25,786
(6,839
)
18,947
Advertising contracts and related relationships
7,229
(6,130
)
1,099
Software and technology
5,340
(4,859
)
481
Patents, domain names and other
4,595
(2,562
)
2,033
Total
$
150,853
$
(97,200
)
$
53,653
Year Ending
December 31,
2008
$
9,290
2009
7,912
2010
6,239
2011
5,225
2012
4,015
Thereafter
8,234
Total
$
40,915
December 31,
2007
2006
Employee compensation and related expenses
$
25,902
$
27,061
Income taxes payable
767
9,305
Other
3,917
3,181
Total
$
30,586
$
39,547