NetSpend 2015 Annual Report Download - page 64
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The weighted average useful life for each component of other intangible assets, and in total, as of December 31,
2015 is as follows:
Weighted
Average
Amortization
Period (Yrs)
Channel relationships ................................................................. 8.0
Customer relationships ................................................................ 8.2
Trade name ......................................................................... 4.9
Database ........................................................................... 5.0
Covenants-not-to-compete ............................................................ 5.3
Trade association .................................................................... 10.0
Favorable Lease ..................................................................... 4.9
Total ........................................................................... 7.6
Estimated future amortization expense of other intangible assets as of December 31, 2015 for the next five years
is:
(in thousands)
2016 .................................................................................. $75,213
2017 .................................................................................. 74,823
2018 .................................................................................. 60,166
2019 .................................................................................. 47,870
2020 .................................................................................. 43,711
Note 9 Computer Software, net
Computer software as of December 31, 2015 and 2014 is summarized as follows:
(in thousands) 2015 2014
Licensed computer software .................................................. $ 513,443 435,701
Software development costs .................................................. 404,238 376,026
Acquisition technology intangibles ............................................. 167,971 167,687
Total computer software .................................................... 1,085,652 979,414
Less accumulated amortization:
Licensed computer software ................................................. 282,563 243,866
Software development costs ................................................ 287,863 275,512
Acquisition technology intangibles ........................................... 110,156 93,888
Total accumulated amortization .............................................. 680,582 613,266
Computer software, net .................................................... $ 405,070 366,148
The Company held the following computer software under capital lease as of December 31, 2015 and 2014:
(in thousands) 2015 2014
Licensed computer software ................................................... $18,206 17,625
Less accumulated amortization ................................................ (8,175) (4,816)
Licensed computer software, net ............................................... $10,031 12,809
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