Voya 2013 Annual Report Download - page 312

ING U.S., Inc.
Notes to the Consolidated Financial Statements
(Dollar amounts in millions, unless otherwise stated)
Other intangible assets were as follows at December 31, 2013 and 2012:
Weighted
Average
Amortization
Lives
2013 2012
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Management contract
rights ................ 20years $ 550.0 $366.7 $183.3 $ 550.0 $339.2 $210.8
Customer relationship
lists ................. 20years 115.8 41.9 73.9 115.8 34.5 81.3
Computer software ....... 3years 485.3 449.9 35.4 478.7 453.4 25.3
Total intangible assets ..... $1,151.1 $858.5 $292.6 $1,144.5 $827.1 $317.4
Amortization expense related to intangible assets was $51.7, $53.7 and $59.8 for the years ended December 31,
2013, 2012 and 2011, respectively. The estimated amortization of intangible assets are as follows:
Year Amount
2014 .............................................. $ 51.5
2015 .............................................. 48.8
2016 .............................................. 42.2
2017 .............................................. 36.4
2018 .............................................. 35.0
Thereafter .......................................... 78.7
$292.6
Amortization of intangibles assets is included in the Consolidated Statements of Operations in Operating
expenses.
The Company does not have any indefinite-lived intangibles other than goodwill.
10. Share-based Compensation
ING U.S., Inc. 2013 Omnibus Employee Incentive Plan
The Company provides equity-based compensation awards to its employees principally under the ING U.S., Inc.
2013 Omnibus Employee Incentive Plan (the “Omnibus Plan”), which the Company adopted in connection with
the IPO. At inception of the Omnibus Plan, a total of 7,650,000 shares of Company common stock were reserved
and available for issuance under the Omnibus Plan.
During 2013, the Company provided awards under the Omnibus Plan in connection with (1) the conversion of
ING Group equity-based awards granted in March 2013 to employees of the Company into Company equity-
based awards, (2) Deal Incentive Awards, and (3) certain other one-time awards of time-vested restricted stock
units (“RSUs”), including in connection with new employee hires.
The Omnibus Plan permits the granting of a wide range of equity-based awards, including RSUs, which represent
the right to receive a number of shares of Company common stock upon vesting; restricted stock, which are
shares of Company stock that are subject to sale and transfer restrictions until the vesting conditions are met;
performance share units (“PSUs”) awards, which are RSUs subject to certain time- and performance-based
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