Juno 2013 Annual Report Download - page 121

Table of Contents



Amortization expense related to intangible assets for the years ended December 31, 2013, 2012 and 2011 was $8.6 million, $6.5 million and
$6.3 million, respectively.
Estimated future intangible asset amortization expense at December 31, 2013 was as follows (in thousands):

As a result of lower than expected fourth quarter 2012 revenues and operating income within the MyPoints reporting unit, the Company performed
an impairment test of the assets within this reporting unit and recorded an impairment charge totaling $0.3 million related to certain trademarks. This
impairment charge was included in impairment of goodwill, intangible assets and long-lived assets in the consolidated statements of operations.

The fair and notional values of outstanding derivative instruments were as follows (in thousands):
F-28
 
 

 

  
Pay accounts and free accounts $ 103,284 $ (96,253) $ 7,031
Customer contracts and relationships 7,900 (7,900) —
Trademarks and trade names 26,082 (22,032) 4,050
Software and technology 8,146 (5,673) 2,473
Rights, content and intellectual property 14,413 (5,818) 8,595
Total $ 159,825 $ (137,676) $ 22,149
      
         
Estimated
amortization
of
intangible
assets $ 15,299 $ 6,210 $ 3,105 $ 2,839 $ 1,856 $ 789 $ 500
   


 


 
  
 




      
Derivative assets Other current assets $ 45 $ 14 $ 1,187 $ 337
Derivative liabilities Accrued liabilities $ 49 $ 221 $ 3,773 $ 5,135