Home Shopping Network 2015 Annual Report Download - page 48

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Amortization expense for the definite-lived intangible assets was $0.1 million, $0.6 million, and $1.4 million for the
years ended December 31, 2015, 2014 and 2013, respectively. At December 31, 2015 and 2014, the following is information
on intangible assets with definite lives (in thousands):
Cost Accumulated Amortization Net
Weighted
Average
Amortization
Life (Years)
As of December 31, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,927 $ (3,807) $ 120 14.9
As of December 31, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,859 $ (3,705) $ 154 6.1
Goodwill
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, 2015 and 2014 (in thousands):
Gross Balance as
of January 1,
2015 Accumulated Impairment Net Balance as of January 1, 2015 Additions Impairment
Net Balance as of
December 31,
2015
HSN . . . . . . . . . . . . . . . . . . . $ 2,391,594 $ (2,391,594) $ — $ — $ — $ —
Cornerstone . . . . . . . . . . . . . 502,464 (492,606) 9,858 — — 9,858
Total. . . . . . . . . . . . . . . . . $ 2,894,058 $ (2,884,200) $ 9,858 $ — $ — $ 9,858
Gross Balance as
of January 1,
2014 Accumulated Impairment Net Balance as of January 1, 2014 Additions Impairment
Net Balance as of
December 31,
2014
HSN . . . . . . . . . . . . . . . . . . . $ 2,391,594 $ (2,391,594) $ — $ — $ — $ —
Cornerstone . . . . . . . . . . . . . 502,464 (492,606) 9,858 — — 9,858
Total. . . . . . . . . . . . . . . . . $ 2,894,058 $ (2,884,200) $ 9,858 $ — $ — $ 9,858
Based on the quantitative assessments performed in the fourth quarters of 2015 and 2014 , HSNi concluded there was no
impairment of its goodwill.
NOTE 4—PROPERTY AND EQUIPMENT
The balance of property and equipment, net, is as follows (in thousands):
December 31,
2015 2014
Capitalized software. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 234,249 $ 223,436
Computer and broadcast equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 91,533 89,739
Buildings and leasehold improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108,656 105,086
Furniture and other equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 96,512 88,174
Projects in progress . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55,294 30,794
Land and land improvements. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,597 10,541
596,841 547,770
Less: accumulated depreciation and amortization. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (385,048) (353,881)
Total property and equipment, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 211,793 $ 193,889
Long-lived assets are tested for recoverability whenever events or changes in circumstances indicate that their carrying
amounts may not be recoverable. There were no impairment charges related to HSNi's long-lived assets in fiscal 2015 or 2014.
As we periodically reassess estimated future cash flows and asset fair values, changes in our estimates and assumptions may
cause us to realize impairment charges in the future.