Vonage 2011 Annual Report Download - page 71

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VONAGE HOLDINGS CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(In thousands, except per share amounts)
Debt related costs, net
December 31,
2011
December 31,
2010
Senior secured term loan $2,697 $ 5,430
Senior secured lien notes — 12,271
2,697 17,701
Less: accumulated amortization (690) (4,588)
accelerated amortization — (7,741)
Debt related costs, net $2,007 $ 5,372
Restricted cash
December 31,
2011
December 31,
2010
Letter of credit-lease deposits $6,300 $7,350
Letter of credit-energy curtailment program 536 535
6,836 7,885
Cash reserves 93 93
Restricted cash $6,929 $7,978
Accrued expenses
December 31,
2011
December 31,
2010
Compensation and related taxes and temporary labor $14,773 $19,709
Marketing 10,017 18,886
Taxes and fees 17,440 15,973
Litigation 5,063 11,717
Telecommunications 9,642 10,636
Other accruals 7,776 6,295
Customer credits 2,109 2,138
Professional fees 2,289 1,864
Accrued interest 7 975
Inventory 128 957
Credit card fees 282 257
Accrued expenses $69,526 $89,407
Note 3. Intangible Assets
Intangible assets, net
December 31,
2011
December 31,
2010
Patents and patent licenses $18,164 $12,018
Trademark 560 560
18,724 12,578
Less: accumulated amortization (9,668) (8,392)
Intangible assets, net $ 9,056 $ 4,186
Represents patents and trademarks we have purchased and licensed, including in connection with the settlement of
litigation. We amortize these intangibles over their weighted-average remaining lives.
VONAGE ANNUAL REPORT 2011 F-15