TripAdvisor 2012 Annual Report Download - page 100

Intangible assets, which were acquired in business combinations and recorded at fair value on the date of
purchase, consist of the following for the years ended December 31:
2012 2011
(In thousands)
Intangible assets with definite lives .................. $21,382 $ 89,323
Less: accumulated amortization ..................... (13,492) (75,593)
Intangible assets with definite lives, net ........... 7,890 13,730
Intangible assets with indefinite lives ................. 30,300 30,300
$ 38,190 $ 44,030
Amortization expense was $6.1 million, $7.5 million, and $14.6 million, respectively, for the years ended
December 31, 2012, 2011 and 2010. Included within amortization expense for 2010 was a charge of
approximately $4 million related to changes in the estimated amount of contingent purchase consideration, which
was paid during 2011. In 2011 this amount was not material.
Our indefinite-lived assets relate to trade names and trademarks acquired in various acquisitions. Refer to
“Note 2—Significant Accounting Policies” above for a discussion of our annual indefinite-lived intangible asset
impairment assessment.
The following table presents the components of our intangible assets with definite lives as of December 31,
2012 and 2011:
December 31, 2012 December 31, 2011
Weighted Ave
Remaining Life
(in years)
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
(In thousands) (In thousands)
Trade names and
trademarks 4.2 $14,431 $ (9,029) $5,402 $17,030 $ (9,104) $ 7,926
Subscriber relationships 1.5 5,617 (3,511) 2,106 19,290 (14,470) 4,820
Technology and other 1.0 1,334 (952) 382 53,003 (52,019) 984
Total 3.3 $21,382 $(13,492) $7,890 $89,323 $(75,593) $13,730
During the year ended December 31, 2012, our gross carrying amount and accumulated amortization was
reduced by a total of $68.4 million due to asset retirements related to fully amortized intangibles, which consisted
of trade names and trademarks of $2.8 million, subscriber relationships of $13.9 million and technology and
other of $51.7 million. The retirement of these assets had no net impact on our consolidated and combined
financial statements.
The estimated future amortization expense related to intangible assets with definite lives as of December 31,
2012, assuming no subsequent impairment of the underlying assets, is as follows, in thousands:
2013 .............................................. $3,966
2014 .............................................. 2,204
2015 .............................................. 328
2016 .............................................. 310
2017 .............................................. 310
2018 and thereafter ................................... 772
Total .......................................... $7,890
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