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NOTE 7 — Goodwill and Intangible Assets, Net
The following table presents our goodwill and intangible assets as of December 31, 2012 and 2011:
December 31,
2012 2011
(In thousands)
Goodwill $3,015,670 $2,877,301
Intangible assets with indefinite lives 657,865 657,776
Intangible assets with definite lives, net 163,554 86,122
$3,837,089 $3,621,199
Impairment Assessments. We perform our annual assessment of possible impairment of goodwill and
indefinite-lived intangible assets as of October 1, or more frequently if events and circumstances indicate that
impairment may have occurred. As of October 1, 2012 and 2011, we had no impairments. Subsequent to the
spin-off, we performed an interim assessment of goodwill and indefinite-lived intangible assets as of
December 20, 2011 and also noted no impairments.
Goodwill. The following table presents the changes in goodwill by reportable segment:
Leisure Egencia Total
(In thousands)
Balance as of January 1, 2011 $2,822,150 $ 42,514 $2,864,664
Additions — 22,522 22,522
Foreign exchange translation (7,664) (2,221) (9,885)
Balance as of December 31, 2011 2,814,486 62,815 2,877,301
Additions 2,684 128,730 131,414
Foreign exchange translation 5,218 1,737 6,955
Balance as of December 31, 2012 $2,822,388 $193,282 $3,015,670
In 2012 and 2011, the additions to goodwill relate primarily to our acquisitions as described in Note 3 —
Acquisitions and are not expected to be deductible for tax purposes.
As of December 31, 2012 and 2011, accumulated goodwill impairment losses in total were $2.5 billion,
which is associated with Leisure.
Indefinite-lived Intangible Assets. Our indefinite-lived intangible assets relate principally to trade names and
trademarks acquired in various acquisitions.
Intangible Assets with Definite Lives. 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
Cost
Accumulated
Amortization Net Cost
Accumulated
Amortization Net
(In thousands)
Supplier relationships $282,884 $(244,083) $ 38,801 $267,557 $(234,363) $33,194
Technology 209,901 (185,709) 24,192 203,860 (178,712) 25,148
Customer lists 109,971 (26,275) 83,696 30,364 (18,899) 11,465
Affiliate agreements 38,627 (33,911) 4,716 34,782 (29,761) 5,021
Other 267,728 (255,579) 12,149 260,984 (249,690) 11,294
Total $909,111 $(745,557) $163,554 $797,547 $(711,425) $86,122
F-23