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Table of Contents
There were no transfers between Level 1 and Level 2 financial instruments in the fiscal 2015 and 2014 , respectively.
We did not have any financial liabilities measured at fair value on a recurring basis as of June 30, 2015 or 2014 .
5. Balance sheet information
Property and equipment, net
Property and equipment consist of the following (in thousands):
Depreciation and amortization expense related to property and equipment was $2.8 million , $4.0 million and $5.6 million for fiscal 2015
,
2014 and 2013 , 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 the expected useful life. Amortization expense related to
intangibles was $3.2 million , $2.6 million and $1.6 million for fiscal 2015 , 2014 and 2013 , respectively.
As of June 30, 2015 , amortization expense for intangible assets by fiscal year is as follows: $1.5 million in fiscal 2016, $1.0 million in
fiscal 2017, $1.0 million in fiscal 2018, $1.0 million in fiscal 2019, $1.0 million in fiscal 2020 and $0.7 million thereafter.
Goodwill by reportable segment and activity for fiscal 2015 and 2014 was as follows (in thousands):
Goodwill impairment
Commencing July 1, 2014, we began to report results in three business segments. As of July 1, 2014, goodwill and intangible assets were
allocated to the new reporting unit structure based on specific identification method, and any residual
F-19
June 30,
2015
2014
Computers and equipment
$
14,166
$
16,773
Computer software
2,393
2,118
Furniture and fixtures
2,459
2,510
Automobiles
488
566
Leasehold improvements
8,245
8,288
27,751
30,255
Less accumulated depreciation and amortization
(20,625
)
(21,441
)
Property and equipment, net
$
7,126
$
8,814
June 30,
2015
2014
Acquired developed technology
$
13,875
$
13,902
Less accumulated amortization
(7,675
)
(4,497
)
Intangible assets, net
$
6,200
$
9,405
June 30, 2013
Acquisitions
June 30, 2014
Acquisitions
June 30, 2015
Automotive
$
—
$
14,320
$
14,320
$
—
$
14,320
Advertising
14,343
—
14,343
—
14,343
Mobile Navigation
78
2,587
2,665
—
2,665
Goodwill
$
14,421
$
16,907
$
31,328
$
—
$
31,328