eFax 2012 Annual Report Download - page 67

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Intangible assets are summarized as of December 31, 2012 and 2011 as follows (in thousands):
Intangible Assets with Indefinite Lives:
consideration macroeconomic, industry and market conditions, overall financial performance and any other relevant company-
specific events. The Company performed the
annual impairment test for intangible assets with indefinite lives for fiscal 2012 using a quantitative assessment primarily taking into consideration a discounted cash flow
analysis of the relief of royalty payments. j2 Global concluded that there were no impairments in 2012, 2011 and 2010. The Company determined that a certain trade name no
longer had an indefinite life as of the second quarter 2012. Accordingly, the Company reclassified $0.9 million
from intangible assets with indefinite lives to intangible assets
subject to amortization during fiscal year 2012. The Company has determined that this intangible asset had a remaining useful life of 1.5 years
and is being amortized
accordingly.
Intangible Assets Subject to Amortization:
As of December 31, 2012 , intangible assets subject to amortization relate primarily to the following (in thousands):
As of December 31, 2011 , intangible assets subject to amortization relate primarily to the following (in thousands):
- 65 -
2012
2011
Trade name
$
27,379
$
28,254
Other
5,433
5,317
Total
$
32,812
$
33,571
Weighted-Average
Amortization
Period
Historical
Cost
Accumulated
Amortization
Net
Trade names 17.7 years
$
50,257
$
6,227
$
44,030
Patent and patent licenses 8.2 years
44,048
24,719
19,329
Customer relationships 7.0 years
86,473
21,750
64,723
Other purchased intangibles 4.4 years
13,322
8,900
4,422
Total
$
194,100
$
61,596
$
132,504
Weighted-Average
Amortization
Period
Historical
Cost
Accumulated
Amortization
Net
Trade names 12.6 years
$
10,584
$
4,147
$
6,437
Patent and patent licenses 8.4 years
38,229
20,712
17,517
Customer relationships 6.7 years
49,245
13,380
35,865
Other purchased intangibles 4.7 years
11,545
6,868
4,677
Total
$
109,603
$
45,107
$
64,496