Classmates.com 2008 Annual Report Download - page 127
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Table of Contents
UNITED ONLINE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
5. GOODWILL, INTANGIBLE ASSETS AND OTHER LONG-LIVED ASSETS (Continued)
Intangible Assets
Intangible assets consisted of the following (in thousands):
The Company's acquired trademarks and trade names related to the FTD acquisition of $229.8 million before impairment are indefinite-
lived, and accordingly there is no associated accumulated amortization. At December 31, 2008, the FTD trademarks and trade names after
impairment and foreign currency translation adjustments totaled $153.5 million.
Amortization expense related to intangible assets for the years ended December 31, 2008, 2007 and 2006 was $18.4 million, $12.8 million
and $17.6 million, respectively.
Estimated future intangible asset amortization expense at December 31, 2008 is as follows (in thousands):
Impairment of Goodwill, Intangible Assets and Long-Lived Assets
Under SFAS No. 142, goodwill and indefinite-lived intangible assets must be tested for impairment annually or when events occur or
circumstances change that would indicate that goodwill or indefinite-lived
F-32
December 31, 2008
Cost or Fair
Value
Accumulated
Amortization
Net
Pay accounts and free accounts
$
100,785
$
(85,658
)
$
15,127
Customer contracts and relationships
110,570
(11,805
)
98,765
Trademarks and trade names
179,300
(12,221
)
167,079
Advertising contracts and related relationships
7,229
(7,229
)
—
Software and technology
46,047
(7,884
)
38,163
Patents, domain names and other
4,596
(3,494
)
1,102
Total
$
448,527
$
(128,291
)
$
320,236
December 31, 2007
Cost or Fair
Value
Accumulated
Amortization
Net
Pay accounts and free accounts
$
100,058
$
(81,550
)
$
18,508
Customer contracts and relationships
7,900
(3,563
)
4,337
Trademarks and trade names
25,786
(9,528
)
16,258
Advertising contracts and related relationships
7,229
(7,226
)
3
Software and technology
5,348
(5,115
)
233
Patents, domain names and other
4,609
(3,033
)
1,576
Total
$
150,930
$
(110,015
)
$
40,915
Year Ending December 31,
Total
2009
2010
2011
2012
2013
Thereafter
Estimated amortization of intangible assets
$
166,722
$
34,380
$
32,187
$
30,193
$
28,988
$
25,483
$
15,491