NetSpend 2011 Annual Report Download - page 84

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Table of Contents
NetSpend Holdings, Inc.
Notes to Consolidated Financial Statements (Continued)
December 31, 2011, 2010 and 2009
NOTE 6: GOODWILL (Continued)
Accordingly, no goodwill impairment charges were recorded in the years ended December 31, 2011, 2010 or 2009.
NOTE 7: INTANGIBLE ASSETS
Intangible assets consisted of the following as of December 31, 2010:
Intangible assets consisted of the following as of December 31, 2011:
As part of the Company's acquisition of Skylight in 2008, the Company acquired the "Skylight" trade name. Based on the reputation of the
Skylight tradename and the anticipated future benefits and cash flows the tradename is expected to contribute, the Company accounts for the
tradename as an indefinite lived intangible asset. As of December 31, 2011, the Skylight tradename continues to have an indefinite life as the
Company continues to use the Skylight tradename on certain of its products.
No impairment charges were recorded in respect of the Company's intangible assets in the years ended December 31, 2011, 2010 or 2009.
76
December 31, 2010
Gross
Carrying
Amount Accumulated
Amortization
Net
Carrying
Amount
(in thousands of dollars)
Distributor and partner relationships
$
26,426
$
(12,449
)
$
13,977
Developed technology
7,261
(6,251
)
1,010
Other
172
(35
)
137
Amortized intangible assets
$
33,859
$
(18,735
)
$
15,124
Unamortized intangible assets:
Tradenames
10,615
—
10,615
Total intangible assets
$
44,474
$
(18,735
)
$
25,739
December 31, 2011
Gross
Carrying
Amount Accumulated
Amortization
Net
Carrying
Amount
(in thousands of dollars)
Distributor and partner relationships
$
26,426
$
(15,345
)
$
11,081
Developed technology
7,261
(6,865
)
396
Other
184
(49
)
135
Amortized intangible assets
$
33,871
$
(22,259
)
$
11,612
Unamortized intangible assets:
Tradenames
10,615
—
10,615
Total intangible assets
$
44,486
$
(22,259
)
$
22,227