Priceline 2014 Annual Report Download - page 104

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The annual estimated amortization expense for intangible assets for the next five years and thereafter is expected to be as follows (in
thousands):
A roll-forward of goodwill for the years ended December 31, 2014 and 2013 consisted of the following (in thousands):
A substantial portion of the intangibles and goodwill relates to the acquisition of OpenTable in July 2014 and KAYAK in May 2013.
See Note 20 for further information on these acquisitions.
In September 2014, the Company performed its annual goodwill impairment testing using standard valuation techniques. Since the
annual impairment test, there have been no events or changes in circumstances to indicate a potential impairment.
Other assets at December 31, 2014 and 2013 consisted of the following (in thousands):
Deferred debt issuance costs arose from (i) the $1.0 billion aggregate principal amount of 1.0% Convertible Senior Notes, due March
15, 2018, issued in March 2012; (ii) a $1.0 billion revolving credit facility entered into in October 2011; (iii) the $575.0 million aggregate
principal amount of 1.25% Convertible Senior Notes, due March 15, 2015, issued in March 2010; (iv) the $1.0 billion aggregate principal
amount of 0.35% Convertible Senior Notes, due June 15, 2020, issued in May 2013; (v) the $1.0 billion aggregate principal amount of 0.9%
Convertible Senior Notes, due September 15, 2021 , issued in August 2014; and (vi) the 1.0 billion Euro aggregate principal amount of 2.375%
Senior Notes, due September 23, 2024 , issued in September 2014. Deferred debt issuance costs are being amortized using the effective interest
rate method and the period of amortization was determined at inception of the related debt agreements based upon the stated maturity dates.
Unamortized debt issuance costs written off to interest expense in the years ended December 31, 2014 and 2013 related to early conversion of
convertible debt and amounted to $0.5 million and $2.4 million , respectively.
99
2015
$
171,007
2016
167,887
2017
160,296
2018
141,776
2019
131,727
Thereafter
1,562,068
$
2,334,761
2014
2013
Balance, beginning of year
$
1,767,912
$
522,672
Acquisitions
1,590,829
1,232,342
Currency translation adjustments
(32,267
)
12,898
Balance, end of year
$
3,326,474
$
1,767,912
10.
OTHER ASSETS
2014
2013
Deferred debt issuance costs
$
27,204
$
16,465
Security deposits
12,368
10,617
Deferred tax assets
8,548
7,055
Other
9,228
6,432
Total
$
57,348
$
40,569