TiVo 2005 Annual Report Download - page 75

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Table of Contents
5. CAPITALIZED SOFTWARE AND INTANGIBLE ASSETS, NET
Capitalized software and intangible assets, net consists of the following:
As of January 31,
2006 2005
(In thousands)
Capitalized software $ 1,951 $ 1,951
Intellectual property rights 4,265 350
Capitalized software and intangible assets, gross 6,216 2,301
Less: accumulated amortization (1,010) (70)
Capitalized software and intangible assets, net $ 5,206 $ 2,231
The total amortization expense for fiscal year ended 2006 and 2005 was $940,000 and $70,000, respectively. The total expected future annual
amortization expense related to capitalized software and intangible assets is calculated on a straight-line basis, using the useful lives of the assets, which range
from three to five years for capitalized software and five to seven years for intellectual property rights. Estimated annual amortization expense is set forth in
the table below:
Fiscal Year Ending
Estimated Annual
Amortization
Expense
(In thousands)
January 31, 2007 1,033
January 31, 2008 1,033
January 31, 2009 1,000
January 31, 2010 929
January 31, 2011 559
There after 652
Total $ 5,206
6. ACCRUED LIABILITIES
Accrued liabilities consist of the following:
As of January 31,
2006 2005
(In thousands)
Compensation and vacation $ 5,188 $ 3,787
Consumer rebates 17,248 16,429
Marketing and promotions 5,285 2,536
Redeemable gift certificates for subscriptions 1,932 2,432
Other 7,796 7,989
Total accrued liabilities $ 37,449 $ 33,173
71