Enom 2014 Annual Report Download - page 82

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F-18
Depreciation expense for the periods shown is classified as follows (in thousands):
Year ended December 31,
2014 2013 2012
Service costs ........................................................................... $ 6,798 $ 9,594 $ 10,993
Sales and marketing ............................................................... 156 275 354
Product development .............................................................. 496 645 801
General and administrative .................................................... 4,802 3,942 2,869
Discontinued operations ......................................................... 4,662 6,045 4,641
Total depreciation ................................................................ $ 16,914 $ 20,501 $ 19,658
As a result of the shortening our estimated useful lives for certain assets, we recorded accelerated depreciation expense of
approximately $1.3 million, $0.8 million and $0.3 million for the years ended December 31, 2014, 2013 and 2012.
4. Intangible Assets
Intangible assets consisted of the following (in thousands):
December 31, 2014
Gross carrying
amount
Accumulated
amortization Net
Weighted average
useful life (years)
Customer relationships ........................................ $ 9,569 $ (8,730) $ 839 4.1
Artist Relationships ............................................. 11,719 (4,796) 6,923 4.1
Media content ...................................................... 103,415 (80,249) 23,166 5.0
Technology ......................................................... 27,770 (23,293) 4,477 6.2
N
on-compete agreements .................................... 253 (146) 107 3.2
Trade names ........................................................ 10,478 (5,467) 5,011 10.3
Content publisher relationships ........................... 2,092 (2,080) 12 5.0
$ 165,296 $ (124,761) $ 40,535
December 31, 2013
Gross carrying
amount
Accumulated
amortization Net
Weighted average
useful life (years)
Owned website names ......................................... $ 22,370 $ (14,684) $ 7,686 4.7
Customer relationships ........................................ 32,462 (26,026) 6,436 5.5
Artist Relationships ............................................. 9,867 (1,507) 8,360 3.0
Media content ...................................................... 143,756 (95,687) 48,069 5.0
Technology ......................................................... 37,832 (30,165) 7,667 4.1
N
on-compete agreements .................................... 1,159 (294) 865 3.4
Trade names ........................................................ 15,742 (6,444) 9,298 12.6
Content publisher relationships ........................... 2,092 (1,707) 385 5.0
$ 265,280 $ (176,514) $ 88,766
Identifiable finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives.
Amortization expense by classification is shown below (in thousands):
Year ended December 31,
2014 2013 2012
Service costs ........................................................................... $ 28,523 $ 28,974 $ 26,501
Sales and marketing ............................................................... 4,733 1,987 881
Product development .............................................................. 4,212 4,884 4,272
General and administrative .................................................... 847 674 749
Discontinued operations ......................................................... 4,244 7,890 8,273
Total depreciation ................................................................ $ 42,559 $ 44,409 $ 40,676
Service costs for the years ended December 31, 2014, 2013 and 2012 includes an accelerated amortization charge of $7.7
million, $3.1 million and $2.1 million, respectively, as a result of the removing certain content assets from service.