Goodwill And Intangible Assets
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2013
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Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill And Intangible Assets | Goodwill and Intangible Assets Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in a business combination. Intangible assets resulting from the acquisitions of entities accounted for using the purchase method of accounting are recorded at the estimated fair value of the assets acquired. Identifiable intangible assets are comprised of purchased customer relationships, trademarks and trade names, developed technologies and other intangible assets. The fair values of these identified intangible assets are based upon expected future cash flows or income, which take into consideration certain assumptions such as customer turnover, trade names and patent lives. These determinations are primarily based upon the Company’s historical experience and expected benefit of each intangible asset. If it is determined that such assumptions are not accurate, then the resulting change will impact the fair value of the intangible asset. Identifiable intangible assets are amortized over the period of estimated economic benefit, which ranges from one to 20 years. The changes in carrying amounts of goodwill for the nine months ended September 30, 2013 are as follows (in thousands):
The Company's goodwill balance was $441.7 million as of September 30, 2013, of which $309.8 million and $131.9 million were recorded in the Business Cloud Services and Digital Media segment, respectively. Purchase accounting adjustments relate to adjustments to goodwill in connection with prior year business acquisitions. Intangible assets are summarized as of September 30, 2013 and December 31, 2012 as follows (in thousands): Intangible Assets with Indefinite Lives:
Intangible Assets Subject to Amortization: As of September 30, 2013, intangible assets subject to amortization relate primarily to the following (in thousands):
As of December 31, 2012, intangible assets subject to amortization relate primarily to the following (in thousands):
Amortization expense, included in general and administrative expense, approximated $7.5 million and $3.9 million for the three month periods ended September 30, 2013 and 2012, respectively, and $21.6 million and $11.0 million for the nine month periods ended September 30, 2013 and 2012, respectively. Amortization expense is estimated to approximate $30.0 million, $26.2 million, $24.0 million, $22.1 million and $19.7 million for fiscal years 2013 through 2017 respectively, and $63.6 million thereafter through the duration of the amortization period. |