TiVo 2008 Annual Report Download - page 75

Download and view the complete annual report

Please find page 75 of the 2008 TiVo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 110

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110

Table of Contents
6. PROPERTY AND EQUIPMENT, NET
Property and equipment, net consists of the following:
January 31, 2009 January 31, 2008
(In thousands)
Furniture and fixtures $ 3,599 $ 3,599
Computer and office equipment 16,559 16,114
Lab equipment 2,906 2,399
Leasehold improvements 8,482 8,425
Capitalized internal use software 14,624 12,118
Total property and equipment 46,170 42,655
Less: accumulated depreciation and amortization (35,885) (31,306)
Property and equipment, net $ 10,285 $ 11,349
Depreciation and amortization expense for property and equipment for the fiscal years ended January 31, 2009, 2008 and 2007 was $6.5 million, $7.1
million, and $5.8 million, respectively.
7. PURCHASED TECHNOLOGY, CAPITALIZED SOFTWARE, AND INTANGIBLE ASSETS, NET
Purchased technology, capitalized software, and intangible assets, net consists of the following:
January 31, 2009 January 31, 2008
Gross
Accumulated
Amortization Net Gross
Accumulated
Amortization Net
(In thousands)
Purchased technology $ 1,500 $ (1,333) $ 167 $ 1,500 $ (833) $ 667
Capitalized software 1,951 (1,581) 370 1,951 (1,211) 740
Intellectual property rights 16,584 (6,524) 10,060 16,265 (4,150) 12,115
Purchased technology, capitalized software, and intangible assets $ 20,035 $ (9,438) $ 10,597 $ 19,716 $ (6,194) $ 13,522
The total expected future annual amortization expense related to purchased technology, 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 purchased technology and capitalized software and five to
seven years for intellectual property rights. Amortization expense for the fiscal years ended January 31, 2009, 2008, and 2007 was $ 3.2 million, $3.2 million,
and $1.9 million, respectively. Estimated future annual amortization expense is set forth in the table below:
Fiscal Year Ending
Estimated Annual
Amortization
Expense
(In thousands)
January 31, 2010 $ 2,856
January 31, 2011 2,319
January 31, 2012 2,319
January 31, 2013 1,853
January 31, 2014 1,188
There after 62
Total $ 10,597
72