LinkedIn 2013 Annual Report Download - page 94

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Amortization expense for the years ended December 31, 2013, 2012 and 2011 was $16.4 million,
$9.9 million and $3.6 million, respectively. Estimated future amortization of purchased intangible assets
for future periods is as follows (in thousands):
Years Ending December 31,
2014 ...................................................... $14,938
2015 ...................................................... 12,031
2016 ...................................................... 4,924
2017 ...................................................... 1,601
2018 ...................................................... 1,501
Thereafter ................................................. 7,635
Total .................................................... $42,630
7. Accrued Liabilities
The following table presents the detail of accrued liabilities for the periods presented (in thousands):
December 31,
2013 2012
Accrued vacation and employee-related expenses ............ $ 64,757 $ 35,803
Accrued incentives .................................. 60,081 31,174
Accrued commissions ................................ 32,218 15,380
Accrued sales tax and value-added taxes ................... 10,851 9,103
Other accrued expenses ............................... 15,097 12,617
Total ........................................... $183,004 $104,077
8. Other Income (Expense), Net
The following table presents the detail of other income (expense), net, for the periods presented (in
thousands):
Year Ended December 31,
2013 2012 2011
Interest income ................................ $2,895 $1,025 $ 169
Net loss on foreign exchange and foreign currency
derivative contracts ............................ (1,626) (672) (2,965)
Net realized gain on sales of marketable securities ....... 127 60 6
Other non-operating income (expense), net ............ 20 (161) (113)
Total other income (expense), net ................. $1,416 $ 252 $(2,903)
9. Income Per Share
Basic and diluted net income per common share is presented in conformity with the two-class method
required for participating securities.
Immediately prior to the consummation of the Company’s initial public offering (‘‘IPO’’) of its
Class A common stock in May 2011, all outstanding shares of preferred stock and common stock were
converted to Class B common stock. As a result, Class A and Class B common stock are the only
outstanding equity in the Company. The rights of the holders of Class A and Class B common stock are
identical, except with respect to voting and conversion. Each share of Class A common stock is entitled to
92