Juno 2013 Annual Report Download - page 50

Table of Contents
Amortization of Intangible Assets
Amortization of intangible assets includes amortization of acquired pay accounts and free accounts; certain acquired trademarks and trade names;
acquired software and technology; acquired customer and advertising contracts and related relationships; acquired rights, content and intellectual
property; and other acquired identifiable intangible assets.
Contingent Consideration—Fair Value Adjustment
Contingent consideration—fair value adjustment includes changes in the estimated fair value of contingent consideration, as well as interest
expense related to such contingent consideration. Changes to one or multiple inputs to the Monte-Carlo simulation used to estimate fair value, including
the discount rate, mean growth rates, volatility rates, the estimated number of daily registrations, and the estimated rate of conversion of new subscribers
to pay accounts, could significantly impact the estimated fair value of contingent consideration. We review and reassess the estimated fair value of
contingent consideration on a quarterly basis, and future fair value estimates could differ from the initial estimate.
Restructuring and Other Exit Costs
Restructuring and other exit costs consist of costs associated with the realignment and reorganization of our operations and other employee
termination events. Restructuring and other exit costs include employee termination costs, facility closure and relocation costs, and contract termination
costs. The timing of associated cash payments is dependent upon the type of exit cost and can extend over a 12-month period. We record restructuring
and other exit cost liabilities in accrued liabilities or other liabilities in the consolidated balance sheets.
Interest Income
Interest income primarily consists of earnings on our cash and cash equivalents.
Interest Expense
Interest expense primarily consists of interest incurred related to tax and other regulatory filings.
Other Income (Expense), Net
Other income (expense), net, consists of gains and losses on foreign currency exchange rate transactions; realized and unrealized gains and losses
on certain forward foreign currency exchange contracts; gains or losses related to ineffectiveness of derivative instruments; equity earnings on
investments in subsidiaries; and other non-operating income and expenses.
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The following tables set forth, for the periods presented, selected historical consolidated statements of operations and segment information data.
The information contained in the tables below should be read in conjunction with Critical Accounting Policies, Estimates and Assumptions, Liquidity
and Capital Resources, Contractual Obligations, and Other Commitments included in this Item 7, as well as "Quantitative and Qualitative Disclosures
About Market Risk" and the consolidated financial statements and notes thereto included elsewhere in this Annual Report on Form 10-K.
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