Home Shopping Network 2010 Annual Report Download - page 50

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Table of Contents
HSN, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
At December 31, 2010 and 2009, the following is information on intangible assets with definite lives (in thousands):
Amortization of intangible assets with definite lives is computed on a straight-
line basis. The balance of intangible assets with definite lives
as of December 31, 2010 is estimated to be fully amortized by December 31, 2011.
The following tables present the balance of goodwill by reporting unit, including changes in the carrying amount of goodwill, for the years
ended December 31, 2010 and 2009 (in thousands):
NOTE 4—PROPERTY AND EQUIPMENT
The balance of property and equipment, net, is as follows (in thousands):
51
Cost
Accumulated
Amortization
Net
Weighted
Average
Amortization
Life (Years)
As of December 31, 2010
$
5,622
$
(5,247
)
$
375
10.0
As of December 31, 2009
$
5,622
$
(4,685
)
$
937
10.0
Gross
Balance as of
January 1, 2010
Accumulated
Impairment
Net
Balance as of
January 1, 2010
Additions
Impairment
Net
Balance as of
December 31, 2010
HSN
$
2,391,594
$
(2,391,594
)
$
—
$
—
$
—
$
—
Cornerstone
492,606
(492,606
)
—
—
—
—
Total
$
2,884,200
$
(2,884,200
)
$
—
$
—
$
—
$
—
Gross
Balance as of
January 1, 2009
Accumulated
Impairment
Net
Balance as of
January 1, 2009
Additions
Impairment
Net
Balance as of
December 31, 2009
HSN
$
2,391,594
$
(2,391,594
)
$
—
$
—
$
—
$
—
Cornerstone
492,606
(492,606
)
—
—
—
—
Total
$
2,884,200
$
(2,884,200
)
$
—
$
—
$
—
$
—
December 31,
2010
2009
Capitalized software
$
211,816
$
190,331
Computer and broadcast equipment
93,284
89,001
Buildings and leasehold improvements
90,417
81,937
Furniture and other equipment
72,726
66,861
Projects in progress
3,825
13,207
Land and land improvements
10,922
11,847
482,990
453,184
Less: accumulated depreciation and amortization
(328,003
)
(296,133
)
Total property and equipment, net
$
154,987
$
157,051