Clearwire 2008 Annual Report Download - page 109

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C
ons
id
erat
i
on pa
id
re
l
at
i
ng to ot
h
er
i
ntang
ibl
e assets cons
i
ste
d
o
f
t
h
e
f
o
ll
ow
i
ng (
i
nt
h
ousan
d
s):
2
008
2
00
7
Year Ende
d
D
ecember
31
,
C
ash
.
.........................................................
.
$
992
$
1
,
31
6
Amortization expense relating to other intangible assets was as follows (in thousands)
:
2008 2007
Y
ear Ende
d
D
ecember
31,
$2,888 $43
B
ased on the other intan
g
ible assets recorded as of December 31, 2008, the future amortization is expected to
b
e as follows
(
in thousands
):
2009
.
..............................................................
$
31,93
9
2010
...............................................................
2
7,
021
2011
...............................................................
22,103
2
0
1
2
.
..............................................................
1
7
,
18
5
2013
.
..............................................................
1
2
,
29
1
T
h
e
r
ea
f
ter
.
.........................................................
.
1
2
,
26
9
Tota
l
...............................................................
$122,80
8
8. Accounts Payable and Accrued Expense
s
A
ccounts pa
y
able and accrued expenses as of December 31, 2008 and 2007 consisted of the followin
g
(i
n
th
ousan
d
s
):
2
008
2
00
7
December
31,
Accounts payable
.
...........................................
$
78
,
695
$
—
A
cc
r
ued
in
te
r
est
.............................................
8
,9
5
3—
Salaries and benefits
..........................................
26,337 —
B
usiness and income taxes pa
y
abl
e
...............................
7
,2
6
4—
Accrue
dp
ro
f
ess
i
ona
lf
ees
......................................
5
,286
O
t
h
e
r
.....................................................
18,882
—
$
145
,
417
$
—
9
. Income Taxe
s
We account for income taxes in accordance with the
p
rovision of SFAS No. 109. SFAS No. 109 re
q
uires tha
t
d
e
f
erre
di
ncome taxes
b
e
d
eterm
i
ne
db
ase
d
on t
h
e est
i
mate
df
uture tax e
ff
ects o
f diff
erences
b
et
w
een t
h
e
fi
nanc
i
a
l
s
tatement and tax bases of assets and liabilities usin
g
the tax rates expected to be in effect when an
y
temporar
y
differences reverse or when the net operatin
g
loss, capital loss or tax credit carr
y
forwards are utilized.
Prior to the Transactions, the le
g
al entities representin
g
the Sprint WiMAX Business were included in th
e
fili
ng o
f
Spr
i
nt’s conso
lid
ate
df
e
d
era
l
an
d
certa
i
n state
i
ncome tax returns. Income tax expense an
d
re
l
ate
di
ncom
e
tax
b
a
l
ances were accounte
df
or
i
n accor
d
ance w
i
t
h
SFAS No. 109 an
d
presente
di
nt
h
e
fi
nanc
i
a
l
statements, as
if
we
were filin
g
stand-alone separate returns usin
g
an estimated combined federal and state mar
g
inal tax rate of 39% u
p
9
7
CLEARWIRE CORPORATION AND
S
UB
S
IDIARIE
S
N
OTES TO CONSOLIDATED FINANCIAL STATEMENTS —
(
Continued
)