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Table of Contents VMware, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
The following table summarizes the net carrying values of the tangible and intangible assets and liabilities transferred to VMware and the
capital contribution from EMC, as of the transfer date, and exclude the subsequent contingent consideration paid referenced above (table in
thousands):
Intangible Assets, Net
The following table summarizes the changes in the carrying amount of intangible assets, net, excluding goodwill for the years ended
December 31, 2012 and 2011 (table in thousands):
Intangible assets, net, excluding goodwill, as of December 31, 2012 and 2011 consisted of the following (table in thousands):
79
Intangible assets
37,029
Goodwill
275,260
Deferred tax assets, net
45,730
Total tangible and intangible assets acquired
358,019
Other acquired liabilities, net of other acquired assets
(15,153
)
Capital contribution from EMC
(167,866
)
Total liabilities assumed and capital received
(183,019
)
Tangible and intangible assets acquired and liabilities assumed, and capital received
$
175,000
December 31,
2012
2011
Balance, beginning of the year
$
407,375
$
210,928
Additions to intangible assets related to business combinations
422,700
116,800
Purchase of leasehold interest (see Note G)
—
146,757
Change in accumulated amortization
(96,277
)
(67,110
)
Other adjustments
(1,946
)
—
Balance, end of the year
$
731,852
$
407,375
2012
Weighted-
Average
Useful Lives
(in years)
Gross Carrying
Amount
Accumulated
Amortization
Net Book
Value
Purchased technology
6.1
$
756,551
$
(274,495
)
$
482,056
Leasehold interest
34.9
144,811
(6,843
)
137,968
Customer relationships and customer lists
7.3
146,264
(62,976
)
83,288
Trademarks and tradenames
8.0
45,050
(16,656
)
28,394
Other
3.0
3,055
(2,909
)
146
Total intangible assets, net, excluding goodwill
$
1,095,731
$
(363,879
)
$
731,852
2011
Weighted-
Average
Useful Lives
(in years)
Gross Carrying
Amount
Accumulated
Amortization
Net Book
Value
Purchased technology
5.1
$
374,252
$
(203,257
)
$
170,995
Leasehold interest
34.9
146,757
(2,524
)
144,233
Customer relationships and customer lists
7.3
125,964
(45,975
)
79,989
Trademarks and tradenames
6.3
24,950
(13,650
)
11,300
Other
3.0
3,055
(2,197
)
858
Total intangible assets, net, excluding goodwill
$
674,978
$
(267,603
)
$
407,375