Juno 2012 Annual Report Download - page 148

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Table of Contents



MyPoints reporting unit was less than its carrying amount, including goodwill. Accordingly, the second step was performed. Based on the results of the
second step, the Company recorded a goodwill impairment charge totaling $26.6 million. The impairment charge was included in impairment of
goodwill, intangible assets and long-lived assets in the consolidated statements of operations.

Intangible assets consisted of the following (in thousands):
The Company's acquired trademarks and trade names related to the acquisition by the Company of FTD Group, Inc. (together with its subsidiaries,
"FTD") in August 2008 are indefinite-lived and, accordingly, there is no associated amortization expense or accumulated amortization. At December 31,
2012 and 2011, such trademarks and trade names after impairment and foreign currency translation adjustments totaled $158.5 million and
$156.5 million, respectively.
Amortization expense related to intangible assets for the years ended December 31, 2012, 2011 and 2010 was $32.0 million, $31.5 million and
$32.2 million, respectively.
Estimated future intangible asset amortization expense at December 31, 2012 was as follows (in thousands):
F-31

 



 
Pay accounts and free accounts $ 103,284 $ (96,253) $ 7,031
Customer contracts and relationships 113,927 (84,894) 29,033
Trademarks and trade names 185,561 (22,098) 163,463
Software and technology 49,896 (41,647) 8,249
Rights, content and intellectual property 14,494 (5,833) 8,661
Total $ 467,162 $ (250,725) $ 216,437

 



 
Pay accounts and free accounts $ 100,854 $ (93,613) $ 7,241
Customer contracts and relationships 111,831 (67,199) 44,632
Trademarks and trade names 182,270 (20,230) 162,040
Software and technology 46,483 (32,768) 13,715
Rights, content and intellectual property 10,999 (4,166) 6,833
Total $ 452,437 $ (217,976) $ 234,461
    
      
Estimated
amortization
of
intangible
assets $ 57,966 $ 30,235 $ 18,010 $ 3,538 $ 3,008 $ 1,880 $ 1,295