Juno 2013 Annual Report Download - page 55

Table of Contents
Contingent consideration—fair value adjustment for the year ended December 31, 2013 was comprised of a $5.7 million decrease in the estimated
fair value of contingent consideration, partially offset by $0.5 million of interest expense related to such contingent consideration. During the quarter
ended March 31, 2013, Facebook restricted certain functionality of the schoolFeed app, which limited schoolFeed's ability to use the Facebook platform
to contact users who are not registered members of schoolFeed. In May 2013, Facebook discontinued the schoolFeed app's access to the Facebook
platform, which resulted in the termination of future new installations of the schoolFeed app through Facebook, as well as the discontinuance of the
sharing of Facebook content through the schoolFeed app.
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Consolidated restructuring and other exit costs for the year ended December 31, 2013 included $2.3 million of employee termination costs and
$0.2 million of contract termination costs recorded in our Content & Media segment. Consolidated restructuring and other exit costs for the year ended
December 31, 2012 primarily consisted of employee termination costs.

Goodwill impairment charges totaling $52.9 million were recorded in the year ended December 31, 2013 due to a material reduction in the fair
value of the Classmates reporting unit. 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 reporting unit. See "Critical Accounting Policies, Estimates and
Assumptions—Impairment of Goodwill" for additional information.
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The decrease in consolidated interest income was primarily related to higher interest income at our India subsidiary during the year ended
December 31, 2012.
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 
    
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Restructuring and other exit costs $ 2,501 $ 91 $ 2,410 *
*Not meaningful
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  
    
   
Impairment of goodwill, intangible assets and long-lived assets $ 52,899 $ 26,910 $ 25,989 97%
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  
    
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
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Interest income $ 225 $ 559 $ (334) (60)%