Goodwill and Other Intangibles

12 Months Ended

Jul. 31, 2016

Goodwill and Other Intangibles [Abstract]

Note 7—Goodwill and Other Intangibles

The table below reconciles the change in the carrying amount of goodwill by operating segment for the period from July 31, 2014 to July 31, 2016:

(in thousands)	Telecom Platform Services			Zedge			Total
Balance as of July 31, 2014	$	11,623		$	3,207		$	14,830
Foreign currency translation adjustments		(442	)		—			(442	)
Balance as of July 31, 2015		11,181			3,207			14,388
Foreign currency translation adjustments		37			(823	)		(786	)
Zedge Spin-Off		—			(2,384	)		(2,384	)
Balance as of July 31, 2016	$	11,218		$	—		$	11,218

The table below presents information on the Company’s other intangible assets:

(in thousands)	Weighted Average Amortization Period		Gross Carrying Amount		Accumulated Amortization			Net Balance
July 31, 2016
Amortized intangible assets:
Trademarks and patents		4.9 years	$	328	$	(120	)	$	208
Technology and domain names		3.1 years		789		(615	)		174
Customer lists		5.8 years		3,154		(2,693	)		461
TOTAL		5.2 years	$	4,271	$	(3,428	)	$	843
July 31, 2015
Amortized intangible assets:
Trademarks and patents		4.8 years	$	414	$	(144	)	$	270
Technology and domain names		3.1 years		789		(378	)		411
Customer lists		6.2 years		3,154		(2,558	)		596
TOTAL		5.5 years	$	4,357	$	(3,080	)	$	1,277

Amortization expense of intangible assets was $0.4 million, $0.4 million and $0.6 million in fiscal 2016, fiscal 2015 and fiscal 2014, respectively. The Company estimates that amortization expense of intangible assets with finite lives will be $0.3 million, $0.1 million, $0.1 million, $0.1 million and $0.1 million in fiscal 2017, fiscal 2018, fiscal 2019, fiscal 2020 and fiscal 2021, respectively.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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