Under Armour 2014 Annual Report Download - page 72

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Construction in progress primarily includes costs incurred for software systems, leasehold improvement
s
and in-store fixtures and displays not yet placed in use
.
Depreciation expense related to property and equipment was
$
63.6 million,
$
48.3 million and
$
39.8 millio
n
f
or the years ended December 31, 2014, 2013 and 2012, respectively
.
5.
G
oodw
i
ll and Intang
i
ble Assets, Ne
t
The following table summarizes changes in the carrying amount of the Company’s goodwill by reportable
segment as of the periods indicated
:
(
In t
h
ousan
d
s
)
North Americ
a
O
ther
f
ore
i
gn
countr
i
es an
d
bus
in
esses
T
o
t
a
l
B
alance as of December 31
,
2013
$
119
,
799
$
2
,
445
$
122
,
244
G
oo
d
w
ill
acqu
i
re
d
— 1,012 1,012
B
alance as of December 31, 2014 $119,799 $3,457 $123,25
6
Durin
g
2014, the Compan
y
acquired $1.0 million of
g
oodwill in connection with the acquisition of certain
assets o
fi
ts
f
ormer
di
str
ib
utor
i
n Mex
i
co, w
hi
c
h
was accounte
df
or as a
b
us
i
ness com
bi
nat
i
on
.
T
h
e
f
o
ll
ow
i
n
g
ta
bl
e summar
i
zes t
h
e Compan
y
’s
i
ntan
gibl
e assets as o
f
t
h
e per
i
o
d
s
i
n
di
cate
d:
D
ecember
31, 2014
December
31, 2013
(
In t
h
ousan
d
s
)
G
ross
Carryin
g
A
mount
A
ccu
m
u
l
a
t
ed
A
mort
i
zat
i
o
n
N
et Carryin
g
A
moun
t
G
ros
s
C
arryin
g
A
mount
A
ccu
m
u
l
a
t
ed
Amort
i
zat
i
on
Net Carryin
g
A
moun
t
Intangible assets subject to amortization
:
Technology
$
12,000
$
(1,907)
$
10,093
$
12,000
$
(126)
$
11,87
4
Trade name
5
,000 (1,3
5
3) 3,647
5
,000 (
5
3) 4,94
7
Customer relationshi
p
s 11,927 (4,692) 7,23
5
3,600 (38) 3,
5
62
L
ease-related intangible assets 3,896 (2,762) 1,134 3,896 (2,60
5
) 1,291
Other 2,196 (893) 1,303 1,266 (
5
32) 734
T
otal
$
35,019
$(
11,607
)$
23,412
$
25,762
$(
3,354
)$
22,40
8
Indefinite-lived intangible assets 2,818 1,68
9
Intan
g
ible assets, net $26,230 $24,097
Tec
h
no
l
o
gy
, tra
d
e-name an
d
customer re
l
at
i
ons
hi
p
i
ntan
gibl
e assets were acqu
i
re
d
w
i
t
h
t
h
e purc
h
ase o
f
MapM
y
F
i
tness an
d
are amort
i
ze
d
on a stra
igh
t-
li
ne
b
as
i
s over 84 mont
h
s, 48 mont
h
san
d
24 mont
h
s,
r
espectivel
y
. Customer relationship intan
g
ible assets were also acquired with the acquisition of certain assets of
the Compan
y
’s former distributor in Mexico and are amortized on a strai
g
ht-line basis over 3
6
months. Lease-
r
elated intan
g
ible assets were acquired with the purchase of the Compan
y
’s corporate headquarters and are
amortized over the remainin
g
third part
y
lease terms, which ran
g
ed from 9 months to 15
y
ears on the date of
p
urchase. Other intan
g
ible assets are amortized usin
g
estimated useful lives of 55 months to 120 months with n
o
r
esidual value. Amortization expense, which is included in sellin
g
,
g
eneral and administrative expenses, wa
s
$
8.5 million, $1.6 million and $2.2 million for the
y
ears ended December 31, 2014, 2013 and 2012, respectivel
y
.
62