TeleNav 2014 Annual Report Download - page 99

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Table of Contents
We did not have any financial liabilities measured at fair value on a recurring basis as of June 30, 2014 or 2013 .
5. Balance sheet information
Property and equipment, net
Property and equipment consist of the following (in thousands):
Depreciation and amortization expense related to property and equipment was $4.0 million , $5.6 million and $6.7 million for fiscal 2014
,
2013 and 2012 , respectively.
Goodwill and intangible assets, net
Intangible assets consist of the following (in thousands):
Acquired developed technology is amortized on a straight-line basis over the expected useful life. Amortization expense related to
intangibles was $2.6 million , $1.6 million and $171,000 for fiscal 2014 , 2013 and 2012 , respectively.
As of June 30, 2014, amortization expense for intangible assets by fiscal year is as follows: $3.1 million in fiscal 2015, $1.5 million in
fiscal 2016, $1.0 million in fiscal 2017, $1.0 million in fiscal 2018, $1.0 million in fiscal 2019 and $1.6 million thereafter.
The changes in the carrying amount of goodwill are as follows (in thousands):
F-17
June 30,
2014 2013
Computers and equipment
$
16,773
$
17,684
Computer software
2,118
2,420
Furniture and fixtures
2,510
2,505
Automobiles
566
486
Leasehold improvements
8,288
8,214
30,255
31,309
Less accumulated depreciation and amortization
(21,441
)
(19,556
)
Property and equipment, net
$
8,814
$
11,753
June 30,
2014 2013
Acquired developed technology
13,902
6,303
Less accumulated amortization
(4,497
)
(1,918
)
Intangible assets, net
$
9,405
$
4,385
June 30,
2014 2013
Balance at beginning of period
$
14,421
$
78
Goodwill acquired
16,907
14,343
Balance at end of period
$
31,328
$
14,421