Juno 2014 Annual Report Download - page 47
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Table of Contents
The decrease in consolidated technology and development expenses was primarily due to a $4.4 million decrease in technology and development
expenses associated with our Content & Media segment and a $0.3 million decrease in depreciation expense. These decreases were partially offset by a
$0.8 million increase in technology and development expenses associated with our Communications segment.
The decrease in consolidated general and administrative expenses was primarily due to a $9.9 million decrease in unallocated corporate general and
administrative expenses, partially offset by a $6.7 million increase in general and administrative expenses associated with our Content & Media segment.
The increase in consolidated amortization of intangible assets was primarily due to a $0.5 million increase in amortization expense attributable to the
acceleration of certain intangible assets associated with schoolFeed, Inc. ("schoolFeed") due to a change in strategy for that business, partially offset by a
$0.4 million decrease in amortization expense associated with Classmates due to certain intangible assets becoming fully amortized in November 2014.
46
Technology and development $ 27,818 $ 31,708 $ (3,890) (12)%
Technology and development expenses as a percentage of total segment
technology and development expenses:
Communications 36.0% 28.0%
Content & Media 64.0% 72.0%
General and administrative $ 63,802 $ 67,049 $ (3,247) (5)%
General and administrative expenses as a percentage of total segment general and
administrative expenses:
Communications 29.6% 36.6%
Content & Media 70.4% 63.4%
Amortization of intangible assets $ 5,625 $ 5,433 $ 192 4%