Juno 2012 Annual Report Download - page 73
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Table of Contents
The decrease in consolidated general and administrative expenses was due to a $5.0 million decrease in general and administrative expenses
associated with our Content & Media segment, a $1.8 million decrease in general and administrative expenses associated with our Communications
segment, an $0.8 million decrease in unallocated corporate expenses, and a $0.7 million decrease in depreciation expense. These decreases were partially
offset by a $1.6 million increase in general and administrative expenses associated with our FTD segment.
Consolidated amortization of intangible assets remained relatively flat for the year ended December 31, 2012, compared to the year ended
December 31, 2011.
Acquisition-related contingent consideration was comprised of a $1.8 million reduction in fair value of the schoolFeed contingent consideration,
partially offset by $1.0 million of interest expense related to such contingent consideration.
Consolidated restructuring and other exit costs for the year ended December 31, 2012 primarily consisted of employee termination costs.
Consolidated restructuring and other exit costs for the year ended December 31, 2011 primarily consisted of employee termination costs and, to a lesser
extent, contract termination costs and facility closure costs.
A goodwill and intangible asset impairment charge totaling $26.9 million was recorded in the quarter ended December 31, 2012 due to a material
reduction in the fair value of the MyPoints
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Amortization of intangible assets $ 30,493 $ 30,455 $ 38 —%
Acquisition-related contingent consideration $ (836) $ — $ (836) N/A
Restructuring and other exit costs $ 91 $ 5,677 $ (5,586) (98)%
Impairment of goodwill, intangible assets and long-lived assets $ 26,910 $ — $ 26,910 N/A