TeleNav 2013 Annual Report Download - page 89

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Table of Contents
5. Balance sheet information
Property and equipment
Property and equipment consist of the following (in thousands):
Depreciation and amortization expense was $5.6 million , $6.7 million , and $5.7 million for fiscal 2013, 2012, and 2011, respectively.
Goodwill and intangible assets, net
Intangible assets consist of the following (in thousands):
Acquired developed technology is amortized on a straight-line basis over a useful life of three years . Amortization expense for intangibles was
$1.6 million , $171,000 and $0 for fiscal 2013, 2012 and 2011, respectively.
As of June 30, 2013, amortization expense for intangible assets for each of the next three years is as follows: $2.0 million in fiscal 2014, $1.9
million in fiscal 2015 and $474,000 in fiscal 2016.
The changes in the carrying amount of goodwill are as follows:
6. Commitments and contingencies
Our primary facilities located in Sunnyvale, California, and Shanghai and Xi’an, China and certain other facilities in various locations in the
United States and Brazil are leased under noncancelable operating lease arrangements. As of June 30, 2013 , future minimum operating lease
payments, net of sublease income, by fiscal year were as follows (in thousands):
F-16
June 30,
2013
2012
Computers and equipment
$
17,684
$
19,454
Computer software
2,420
3,343
Furniture and fixtures
2,505
2,393
Automobiles
486
433
Leasehold improvements
8,214
8,125
31,309
33,748
Less accumulated depreciation and amortization
(19,556
)
(18,306
)
Property and equipment, net
$
11,753
$
15,442
June 30,
2013
2012
Acquired developed technology
6,303
1,194
Less accumulated amortization
(1,918
)
(349
)
Intangible assets, net
$
4,385
$
845
June 30,
2013
2012
Balance at beginning of period
$
78
$
—
Goodwill acquired
14,343
78
Balance at end of period
$
14,421
$
78