ServiceMagic 2014 Annual Report Download - page 82
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IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Additions and deductions for The Match Group primarily relate to the acquisition of Twoo and the establishment of a deferred tax asset at
Tutor arising from pre-acquisition net operating losses, respectively. Transfers relate to the reorganization of CityGrid in the third quarter of 2013.
The December 31, 2014 , 2013 and 2012 goodwill balances include accumulated impairment losses of $916.9 million , $28.0 million and
$11.6 million at Search & Applications, ShoeBuy and Connected Ventures, respectively.
Intangible assets with indefinite lives are trade names and trademarks acquired in various acquisitions. At December 31, 2014 and 2013,
intangible assets with definite lives are as follows:
At December 31, 2014 , amortization of intangible assets with definite lives for each of the next five years and thereafter is estimated to be as
follows:
December 31, 2014
Gross
Carrying
Amount
Accumulated
Amortization
Net
Weighted-Average
Useful Life
(Years)
(In thousands)
Content
$
62,602
$
(36,988
)
$
25,614
4.1
Technology
54,981
(20,988
)
33,993
3.2
Trade names
30,110
(21,681
)
8,429
2.6
Customer lists
24,566
(14,050
)
10,516
2.6
Advertiser and supplier relationships and other
13,380
(5,230
)
8,150
4.0
Total
$
185,639
$
(98,937
)
$
86,702
3.4
December 31, 2013
Gross
Carrying
Amount
Accumulated
Amortization
Net
Weighted-Average
Useful Life
(Years)
(In thousands)
Content
$
47,800
$
(22,373
)
$
25,427
4.0
Technology
41,694
(25,324
)
16,370
2.9
Trade names
29,283
(16,427
)
12,856
3.0
Customer lists
22,584
(13,116
)
9,468
2.5
Advertiser and supplier relationships
10,956
(6,070
)
4,886
2.9
Total
$
152,317
$
(83,310
)
$
69,007
3.2
Years Ending December 31, (In thousands)
2015
$
44,262
2016
24,099
2017
13,441
2018
4,547
2019
353
Total
$
86,702