Tucows 2014 Annual Report Download - page 73
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During the year we decided not to renew certain under-performing domain names and an impairment charge of $0.6
million was recorded in the first two quarters of the fiscal year.
With regard to long-lived assets comprised of property and equipment and finite life intangible assets, we
continually evaluate whether events or circumstances have occurred that indicate the remaining estimated useful lives of
our definite-life intangible assets may warrant revision or whether the carrying amount of such assets may not be
recoverable and exceed their fair value. We use an estimate of the related undiscounted cash flows over the remaining life
of the asset in measuring whether the asset is recoverable. There was no impairment recorded on definite-life intangible
assets and property and equipment during 2014 and 2013.
We performed a qualitative assessment to determine whether there were events or circumstances which would
lead to a determination, that it is more likely than not, that goodwill and indefinite life intangible assets have been
impaired. In performing the qualitative testing, we made an evaluation of the impact of various factors to the expected
future cash flows attributable to our Domain Services operating segment and to the assumed discount rate which would
be used to present value those cash flows. Consideration was given to factors such as macro-economic, industry and
market conditions including the capital markets and the competitive environment amongst others. There were no
indications of impairment under the qualitative approach. The analysis was consistent with the approach we utilized in
our analysis performed in prior years.
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