TripAdvisor 2013 Annual Report Download - page 104
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and website development costs. For the years ended December 31, 2013, 2012 and 2011, we recorded
amortization of capitalized software and website development costs of $19.6 million, $12.8 million and $12.4
million, respectively, which is included in depreciation expense on our consolidated and combined statements of
operations.
During the year ended December 31, 2013, we retired property and equipment, primarily capitalized
software and website development, which were no longer in use with a total cost of $19.7 million and associated
accumulated depreciation of 18.5 million, resulting in a loss of $1.2 million included in Other, net on our
consolidated statements of operations.
NOTE 7: GOODWILL AND INTANGIBLE ASSETS, NET
The following table presents the changes in goodwill for the periods presented:
December 31,
2013 2012
(In thousands)
Beginning balance as of January 1 .................. $471,684 $466,892
Additions (1) ............................... 29,551 3,043
Purchase price allocation adjustments (2) ......... (873) —
Foreign exchange translation adjustment ......... 1,622 1,749
Ending balance as of December 31 .................. $501,984 $471,684
(1) The additions to goodwill relate to our 2013 business acquisitions. See “Note 3— Acquisitions,” above for
further information.
(2) Purchase price allocation adjustments related to our 2012 acquisition, primarily a tax related adjustment for
acquired net operating loss carryforwards, or NOL’s.
Intangible assets, which were acquired in business combinations and recorded at fair value on the date of
purchase, consist of the following for the periods presented:
December 31,
2013 2012
(In thousands)
Intangible assets with definite lives .................. $36,214 $ 21,382
Less: accumulated amortization ..................... (14,672) (13,492)
Intangible assets with definite lives, net ........... 21,542 7,890
Intangible assets with indefinite lives ................. 30,300 30,300
$ 51,842 $ 38,190
Amortization expense was $5.7 million, $6.1 million, and $7.5 million, respectively, for the years ended
December 31, 2013, 2012 and 2011.
Our indefinite-lived assets relate to trade names and trademarks. Refer to “Note 2—Significant Accounting
Policies” above for a discussion of our annual indefinite-lived intangible asset impairment assessment.
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