Intangible Assets and Goodwill

3 Months Ended

Sep. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]



		September 30, 2015										June 30, 2015
Description	Amortization Period	Amount			Accumulated Amortization				Carrying Value			Amount			Accumulated Amortization				Carrying Value

Wetpaint technology	84 months		$	10,600		$	(2,713	)		$	7,887		$	10,600		$	(2,336	)		$	8,264
Wetpaint trademarks	360 months		5,800			(345		)		5,455			5,800			(296		)		5,504
Wetpaint customer relationships	60 months		2,000			(717		)		1,283			2,000			(617		)		1,383
Wetpaint non-compete agreements	36 months		609			(364		)		245			609			(313		)		296
Choose Digital licenses	60 months		1,740			(442		)		1,298			1,740			(355		)		1,385
Choose Digital software	60 months		550			(140		)		410			550			(112		)		438
Dijit technology	84 months		1,820			(433		)		1,387			1,820			(368		)		1,452
DraftDay technology	84 months		2,396			(10		)		2,386			—			—				—
Internally generated capitalized software	36 months		5,006			(3,000		)		2,006			5,006			(2,733		)		2,273
Other	various		326			(11		)		315			326			(8		)		318

Total			$	30,847		$	(8,175	)		$	22,672		$	28,451		$	(7,138	)		$	21,313

Amortization of intangible assets included in selling, general and administrative expenses for the three months ended September 30, 2015 and 2014 amounted to $1,037 and $1,624, respectively. Future annual amortization expense expected is as follows:



Years ending June 30,

2016	$	3,435
2017	$	4,437
2018	$	3,404
2019	$	2,941
2020	$	2,309

Goodwill consists of the following:



Description	Amount
Balance at June 30, 2015	$	35,833
DraftDay preliminary purchase price allocation	2,622
Balance at September 30, 2015	$	38,455

- 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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