Incredimail 2011 Annual Report Download - page 112

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PERION NETWORK LTD. AND ITS SUBSIDIARIES
(Formerly: Incredimail Ltd.)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
U.S. dollars in thousands (except share and per share data)
Depreciation expenses totaled $ 625, $ 627 and $ 588 for the years ended December 31, 2009, 2010 and 2011, respectively.
During 2011, the Company recorded a reduction of $ 10 to the cost and accumulated depreciation of fully depreciated equipment no longer in use.
NOTE 6:
-
PROPERTY AND EQUIPMENT, NET
December 31,
2010
2011
Cost:
Computers and peripheral equipment
$
3,570
$
3,861
Office furniture and equipment
400
533
Leasehold improvements
533
606
4,503
5,000
Accumulated depreciation
3,122
3,700
Property and equipment, net
$
1,381
$
1,300
NOTE 7:
-
GOODWILL AND OTHER INTANGIBLE ASSETS, NET
a.
Goodwill:
Changes in goodwill as of December 31, 2011 are as follows:
December
31,
2011
Goodwill, beginning of year
$
-
Acquisition of Smilebox
24,753
Goodwill, end of year
$
24,753
F
-
25