Juno 2014 Annual Report Download - page 108
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Table of Contents
for the goodwill impairment charge during the quarter ended September 30, 2013. The Company recorded an adjustment of $2.7 million to the estimated
impairment charge during the quarter ended December 31, 2013, for a total impairment charge of $55.4 million for the year ended December 31, 2013. The
impairment charge was included in impairment of goodwill, intangible assets and long-lived assets in the consolidated statements of operations.
The Company performed its annual goodwill impairment assessment for all of its reporting units during the quarter ended December 31, 2014. The
Company did not perform a qualitative assessment to determine whether it is more likely than not that goodwill is impaired. The first step of the quantitative
goodwill impairment test resulted in the determination that the estimated fair values of the Company's reporting units substantially exceeded their respective
carrying amounts, including goodwill. Accordingly, the second step was not required.
Intangible assets, net, consisted of the following (in thousands):
Amortization expense related to intangible assets for the years ended December 31, 2014, 2013 and 2012 was $6.8 million, $8.6 million and
$6.5 million, respectively.
F-26
Pay accounts and free accounts $ 103,203 $ (101,575) $ 1,628
Customer contracts and relationships 7,900 (7,900) —
Trademarks and trade names 26,082 (25,725) 357
Software and technology 8,494 (6,996) 1,498
Rights, content and intellectual property 14,706 (8,742) 5,964
Total $ 160,385 $ (150,938) $ 9,447
Pay accounts and free accounts $ 103,357 $ (99,109) $ 4,248
Customer contracts and relationships 7,900 (7,900) —
Trademarks and trade names 26,082 (23,760) 2,322
Software and technology 8,518 (6,242) 2,276
Rights, content and intellectual property 13,749 (7,295) 6,454
Total $ 159,606 $ (144,306) $ 15,300