Rosetta Stone 2012 Annual Report Download - page 100
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Table of Contents
with the trade name and trademark has an indefinite useful life. The estimated life of the website rights is 60 months, and estimated useful life of the
patents are based on the effective date of the purchase agreement through the expiration date of the patents. The Company computes 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:
In accordance with ASC topic 360, , the Company reviews its long-lived assets, including property and equipment
and definite-lived intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying amounts of the assets may
not be fully recoverable. If the total of the expected undiscounted future net cash flows is less than the carrying amount of the asset, a loss is recognized
for the difference between the fair value and carrying amount of the asset. There were no impairment charges for the year ended December 31, 2012 and
2011.
Amortization expense consisted of the following (in thousands):
The following table summarizes the estimated future amortization expense related to intangible assets as of December 31, 2012 (in thousands):
F-23
Trade name / trademark Indefinite
Core technology 24 months
Customer relationships 24 months
Website 60 months
Patents 72-100 months
Included in cost of revenue:
Cost of product revenue $ — $ — $ —
Cost of subscription and service revenue — — —
Total included in cost of revenue — — —
Included in operating expenses: $ 40 $ 85 $ 58
Total $ 40 $ 85 $ 58
2013 $ 40
2014 40
2015 40
2016 40
2017 40
Thereafter 18
Total $ 218