Expedia 2013 Annual Report Download - page 106
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NOTE 7 — Goodwill and Intangible Assets, Net
The following table presents our goodwill and intangible assets as of December 31, 2013 and 2012:
December 31,
2013 2012
(In thousands)
Goodwill $3,663,674 $3,015,670
Intangible assets with indefinite lives 875,688 657,865
Intangible assets with definite lives, net 235,353 163,554
$4,774,715 $3,837,089
Impairment Assessments. We perform our annual assessment of possible impairment of goodwill and
indefinite-lived intangible assets as of October 1, or more frequently if events and circumstances indicate that
impairment may have occurred. As of October 1, 2013, we had no impairments to goodwill but recorded a
$3 million impairment charge related to an indefinite-lived trade name within our Leisure segment, which was
included in intangible amortization during the year ended December 31, 2013. As of October 1, 2012, we had no
impairments.
Goodwill. The following table presents the changes in goodwill by reportable segment:
Leisure Egencia Total
(In thousands)
Balance as of January 1, 2012 $2,814,486 $ 62,815 $2,877,301
Additions 2,684 128,730 131,414
Foreign exchange translation 5,218 1,737 6,955
Balance as of December 31, 2012 2,822,388 193,282 3,015,670
Additions 636,445 — 636,445
Foreign exchange translation 10,190 1,369 11,559
Balance as of December 31, 2013 $3,469,023 $194,651 $3,663,674
In 2013 and 2012, the additions to goodwill relate primarily to our acquisitions as described in Note 3 —
Acquisitions and are not expected to be deductible for tax purposes.
As of December 31, 2013 and 2012, accumulated goodwill impairment losses in total were $2.5 billion,
which is associated with Leisure.
Indefinite-lived Intangible Assets. Our indefinite-lived intangible assets relate principally to trade names and
trademarks acquired in various acquisitions.
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