F-16
In 2013 and 2012, we evaluated the recoverability of our Platforms and Applications and Navigation reporting units’ property
and equipment, respectively, by comparing the carrying amount of the assets to future undiscounted net cash flows that we expect to
generate from these assets. As a result of our review, we recorded impairment charges of $12,565 and $12,987, respectively. See Note
1 for further discussion.
9. Acquired Intangible Assets, Capitalized Software Development Costs, and Goodwill
Our acquired intangible assets and capitalized software development cost balances consisted of the following:
December 31, 2013
December 31, 2012
Gross
Carrying
Amount
Accumulated
Amortization
Net
Gross
Carrying
Amount
Accumulated
Amortization
Net
Acquired intangible assets:
Customer lists and other ............................................... $31,176 $ 10,173 $21,003 $34,733 $
9,115 $25,618
Trademarks and patents ................................................
—
—
— 1,334
780
554
Total acquired intangible assets ............................................. $31,176 $ 10,173 $21,003 $36,067 $
9,895 $26,172
Software development costs ......................................... $ 5,969 $
1,791 $ 4,178 $46,246 $ 27,317 $18,929
Total acquired intangible assets and software development
costs................................................................................... $37,145 $ 11,964 $25,181 $82,313 $ 37,212 $45,101
Estimated future amortization expense:
Year ending December 31, 2014 .................................................. $
3,336
Year ending December 31, 2015 ..................................................
4,632
Year ending December 31, 2016 ..................................................
4,632
Year ending December 31, 2017 ..................................................
3,856
Year ending December 31, 2018 ..................................................
3,065
Thereafter ...............................................................................................
5,660
$ 25,181
Acquired intangibles
In 2013 we recorded a $599 Platforms and Applications reporting unit impairment charge for the excess of the carrying value of
acquired intangible assets over the estimated fair value. In 2012, we recorded a $13,964 Navigation reporting unit impairment charge
for the excess of the carrying value of acquired intangible assets over the estimated fair value. The weighted average remaining
amortization period for customer lists and other as well as acquired technology included in software development costs is 3.6 years.
Capitalized software development costs
In 2013, 2012, and 2011 we capitalized $1,987, $1,890, and $2,497, respectively, of software development costs for location-
based software projects after the point of technological feasibility had been reached but before the products were available for general
release. We routinely update our estimates of the recoverability of the software products that have been capitalized as the basis for
evaluating the carrying values and remaining useful lives of the respective assets. In 2013, we recorded an impairment charge of
$9,270 related to our Platforms and Applications reporting unit. In 2012, we recorded an impairment charge related to our Navigation
reporting unit of $12,420.
