Rosetta Stone 2009 Annual Report Download - page 97
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Table of Contents
ROSETTA STONE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
7. INTANGIBLE ASSETS (Continued)
amortization of intangible assets on a straight-line basis over the estimated useful life. Below are the estimated useful lives of the intangible assets acquired:
Weighted
Average
Life
Trade name / trademark Indefinite
Core technology 24 months
Customer relationships 33 months
Website 60 months
Amortization expense consisted of the following (in thousands):
Years Ended December 31,
2009 2008 2007
Included in cost of revenue:
Cost of product revenue $ — $ 13 $ 1,227
Cost of subscription and service revenue — — —
Total included in cost of revenue — 13 1,227
Included in operating expenses: $ 42 $ 3,003 $ 3,596
Total $ 42 $ 3,016 $ 4,823
The following table summarizes the estimated future amortization expense related to intangible assets as of December 31, 2009 (in thousands):
As of
December 31,
2009
2010 $ 54
2011 43
Thereafter —
Total $ 97
8. OTHER CURRENT LIABILITIES
The following table summarizes other current liabilities (in thousands):
December 31,
2009 2008
Marketing expenses $ 8,746 $ 4,803
Professional and consulting fees 2,720 2,249
Sales return reserve 4,708 3,229
Taxes payable 2,043 1,527
Other 7,421 8,213
$ 25,638 $ 20,021
F-21