Home Shopping Network 2012 Annual Report Download - page 48

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Table of Contents
Amortization expense for the definite-lived intangible assets was $1.8 million , $0.4 million , and $0.6 million for the years ended
December 31, 2012, 2011 and 2010, respectively. At December 31, 2012 and 2011, the following is information on intangible assets with
definite lives (in thousands):
Goodwill
In the second quarter of 2012, $9.9 million of goodwill was recorded in connection with the acquisition of Chasing Fireflies which was
allocated to the Cornerstone reporting unit. No adjustments have been made to the goodwill balance subsequent to the acquisition. In the fourth
quarter of 2012, HSNi performed a qualitative assessment of its goodwill and concluded there was no impairment.
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, 2012 and 2011 (in thousands):
NOTE 4—PROPERTY AND EQUIPMENT
The balance of property and equipment, net, is as follows (in thousands):
43
Cost
Accumulated
Amortization
Net
Weighted
Average
Amortization
Life (Years)
As of December 31, 2012
$
3,800
$
(1,773
)
$
2,027
1.4
As of December 31, 2011
$
—
$
—
$
—
0
Gross Balance as of
January 1, 2012
Accumulated
Impairment
Net Balance as of
January 1, 2012
Additions
Impairment
Net Balance as of
December 31, 2012
HSN
$
2,391,594
$
(2,391,594
)
$
—
$
—
$
—
$
—
Cornerstone
492,606
(492,606
)
—
9,858
—
9,858
Total
$
2,884,200
$
(2,884,200
)
$
—
$
9,858
$
—
$
9,858
Gross Balance as of
January 1, 2011
Accumulated
Impairment
Net Balance as of
January 1, 2011
Additions
Impairment
Net Balance as of
December 31, 2011
HSN
$
2,391,594
$
(2,391,594
)
$
—
$
—
$
—
$
—
Cornerstone
492,606
(492,606
)
—
—
—
—
Total
$
2,884,200
$
(2,884,200
)
$
—
$
—
$
—
$
—
December 31,
2012
2011
Capitalized software
$
196,529
$
197,842
Computer and broadcast equipment
83,038
93,364
Buildings and leasehold improvements
98,241
93,941
Furniture and other equipment
79,748
75,185
Projects in progress
18,494
8,881
Land and land improvements
10,734
10,962
486,784
480,175
Less: accumulated depreciation and amortization
(315,481
)
(321,741
)
Total property and equipment, net
$
171,303
$
158,434