LinkedIn 2011 Annual Report Download - page 83

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6. Property and Equipment
The following table presents the detail of property and equipment, net, for the periods presented (in
thousands):
December 31,
2011 2010
Computer equipment ............................. $125,955 $ 62,253
Software ....................................... 21,614 8,443
Capitalized website and internal-use software .......... 24,531 13,609
Furniture and fixtures ............................. 8,028 4,378
Leasehold improvements .......................... 12,124 6,450
Total ...................................... 192,252 95,133
Less accumulated depreciation ..................... (77,402) (38,390)
Property and equipment, net ....................... $114,850 $ 56,743
7. Goodwill and Other Intangible Assets
Goodwill
Goodwill is generally not deductible for tax purposes. The following table presents the goodwill activity for
the periods presented (in thousands):
Goodwill—December 31, 2010 ........................ $ —
2011 acquisitions ............................... 12,249
Goodwill—December 31, 2011 ........................ $12,249
Other Intangible Assets
The following table presents the detail of other intangible assets for the periods presented (dollars in
thousands):
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Weighted-
Average
Remaining
Life
December 31, 2011:
Patent ............................... $ 628 $ (628) $ — —
Developed technology .................. 6,638 (1,692) 4,946 4.3 years
Non-compete agreements ............... 2,230 (564) 1,666 1.7 years
Workforce in place .................... 3,259 (2,036) 1,223 0.8 years
IPR&D .............................. 260 — 260 Indefinite
Total ............................ $13,015 $(4,920) $8,095 3.2 years
December 31, 2010:
Patent ............................... $ 628 $ (540) $ 88 0.4years
Developed technology .................. 2,206 (272) 1,934 2.3 years
Non-compete agreements . . . . . . . . . . . . . . . 424 (66) 358 1.5 years
Workforce in place .................... 3,259 (407) 2,852 1.8 years
Total ............................ $ 6,517 $(1,285) $5,232 1.9 years
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