Salesforce.com 2008 Annual Report Download - page 79
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Table of Contents
salesforce.com, inc.
Notes to Consolidated Financial Statements—(Continued)
Other Assets
Other assets consisted of the following (in thousands):
As of January 31,
2009 2008
Deferred professional services costs, noncurrent portion $ 4,185 $ 4,546
Long-term deposits 8,447 6,682
Purchased intangible assets, net of accumulated amortization of $2,573 and $678, respectively 9,679 1,509
Other 7,816 1,144
$ 30,127 $ 13,881
In August 2008, the Company acquired InStranet, Inc. Of the $32.3 million purchase price consideration $6.0 million was allocated to customer
relationships which is included in the purchased intangible assets. Additionally, the Company acquired shares held by minority stockholders of Salesforce
Japan of which $5.4 million of the total amounts paid was allocated to customer relationship intangible assets and Japanese Territory rights included in
purchased intangible assets above.
Goodwill
Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and tangible assets acquired. Goodwill
amounts are not amortized, but rather tested for impairment at least annually during the fourth quarter. There was no impairment of goodwill during fiscal
2009 and 2008.
Goodwill consists of the following (in thousands):
Total
Balance as of January 31, 2007 $ 6,705
Salesforce Japan (See Note 6) 1,851
Balance as of January 31, 2008 8,556
Salesforce Japan (See Note 6) 16,340
InStranet, Inc. (See Note 6) 19,976
Balance as of January 31, 2009 $44,872
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following (in thousands):
As of January 31,
2009 2008
Accrued compensation $ 74,355 $ 63,327
Accrued other liabilities 39,886 20,988
Accrued other taxes payable 27,596 19,564
Accrued professional costs 3,950 6,980
Accrued rent 17,418 15,137
$ 163,205 $ 125,996
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