Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets

v3.7.0.1
Goodwill and Other Intangible Assets
3 Months Ended
Mar. 31, 2017
Goodwill and Other Intangible Assets  
Goodwill and Other Intangible Assets

(5) Goodwill and Other Intangible Assets

There were no changes in the carrying amount of goodwill during the three months ended March 31, 2017.

 

Intangible assets subject to amortization are comprised of the following (amounts in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2017

 

December 31, 2016

 

 

 

Gross

 

 

 

Net

 

Gross

 

 

 

Net

 

 

 

Carrying

 

Accumulated

 

Carrying

 

Carrying

 

Accumulated

 

Carrying

 

 

 

Amount

 

Amortization

 

Amount

 

Amount

 

Amortization

 

Amount

 

Acquired patents

    

$

10,823

    

(8,844)

    

1,979

    

10,823

    

(8,450)

    

2,373

 

Customer relationships

 

 

10,213

 

(5,781)

 

4,432

 

10,213

 

(5,440)

 

4,773

 

Tradename

 

 

2,838

 

(1,622)

 

1,216

 

2,838

 

(1,528)

 

1,310

 

Capitalized software

 

 

850

 

(725)

 

125

 

850

 

(710)

 

140

 

 

 

$

24,724

 

(16,972)

 

7,752

 

24,724

 

(16,128)

 

8,596

 

 

Skyhook’s patents are amortized straight-line over three and a half years and Skyhook’s tradename and customer relationship are amortized straight-line over five and a half years. Capitalized software intangible assets are amortized over three to five years. Amortization expense was $843 thousand and $858 thousand for the three months ended March 31, 2017 and 2016, respectively.

The estimated future amortization expense for the next five years related to intangible assets with definite lives as of March 31, 2017 is as follows (amounts in thousands):

 

 

 

 

 

Remainder of 2017

    

$

2,525

 

2018

 

$

2,573

 

2019

 

$

1,785

 

2020

 

$

869

 

2021

 

$

 —