Priceline 2014 Annual Report Download - page 103

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was anti-dilutive, it was excluded from the calculation of net income per share until the shares of common stock were received in October 2013.
Property and equipment at December 31, 2014 and 2013 consisted of the following (in thousands):
Fixed asset depreciation and amortization expense was approximately $78.2 million , $48.4 million and $32.8 million for the years
ended December 31, 2014 , 2013 and 2012 , respectively.
The Company's intangible assets at December 31, 2014 and 2013 consisted of the following (in thousands):
Intangible assets with determinable lives are amortized on a straight-
line basis. Intangible assets amortization expense is approximately
$129.6 million , $69.6 million and $32.3 million for the years ended December 31, 2014 , 2013 and 2012 , respectively.
98
8.
PROPERTY AND EQUIPMENT
2014
2013
Estimated
Useful Lives
(years)
Computer equipment and software
$
332,650
$
244,845
2 to 5
Office equipment, furniture, fixtures & leasehold improvements
110,297
67,942
2 to 11
Total
442,947
312,787
Less: accumulated depreciation and amortization
(243,994
)
(177,734
)
Property and equipment, net
$
198,953
$
135,053
9.
INTANGIBLE ASSETS AND GOODWILL
December 31, 2014
December 31, 2013
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Amortization
Period
Weighted
Average Useful
Life
Supply and distribution
agreements
$
842,642
$
(188,441
)
$
654,201
$
581,742
$
(160,499
)
$
421,243
10 - 20 years
16 years
Technology
108,987
(43,746
)
65,241
93,322
(29,271
)
64,051
1 - 5 years
5 years
Patents
1,623
(1,524
)
99
1,623
(1,478
)
145
15 years
15 years
Internet domain names
41,652
(16,895
)
24,757
45,799
(12,112
)
33,687
2 - 20 years
8 years
Trade names
1,674,218
(100,850
)
1,573,368
548,243
(47,388
)
500,855
5 - 20 years
20 years
Non-compete
agreements
21,000
(3,908
)
17,092
—
—
—
3 years
3 years
Other
141
(138
)
3
141
(137
)
4
3 - 10 years
3 years
Total intangible assets
$
2,690,263
$
(355,502
)
$
2,334,761
$
1,270,870
$
(250,885
)
$
1,019,985