Enom 2012 Annual Report Download - page 104

Download and view the complete annual report

Please find page 104 of the 2012 Enom 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 127

  • 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
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127

F-21
5. Goodwill
The following table presents the changes in the Company’s goodwill balance:
Balance at December 31, 2010 $ 224,920
Goodwill arising from acquisitions (Note-13) 31,140
Balance at December 31, 2011 256,060
Goodwill arising from acquisitions (Note-13) 10,997
Other (23)
Balance at December 31, 2012 $ 267,034
Goodwill in 2012 arose from the acquisition of Name.com as detailed in Note 13 - Business Acquisitions.
Goodwill in 2011 arose from four acquisitions completed in that year as detailed in Note 13 - Business Acquisitions.
The Company's most recent annual impairment analysis was performed in the fourth quarter of the year ended
December 31, 2012 and indicated that the fair value of each of its three reporting units significantly exceeded the carrying
amount of the respective reporting unit's book value of goodwill at that time.
6. Other Balance Sheets Items
Accounts receivable consisted of the following:
December 31,
2011 December 31,
2012
Accounts receivable—trade $ 29,695 $ 40,995
Receivables from registries 2,970 4,522
Accounts receivable, net $ 32,665 $ 45,517
Accrued expenses and other liabilities consisted of the following:
December 31,
2011 December 31,
2012
Accrued payroll and related items $ 10,562 $ 12,196
Domain owners’ royalties payable 1,336 1,996
Commissions payable 2,894 3,184
Customer deposits 7,898 7,029
Other 11,242 16,084
Accrued expenses and other liabilities $ 33,932 $ 40,489
7. Commitments and Contingencies
Leases
The Company conducts its operations utilizing leased office facilities in various locations and leases certain equipment
under non-cancellable operating and capital leases. The Company’s leases expire between January 2013 and December 2019.