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These excerpts taken from the ATVI 8-K filed Nov 5, 2008. Other Intangibles
Other intangibles consist of acquired trade names, acquired developed software, and other intangibles related primarily to licensing activities. As of January 1, 2006, trade names were assessed as indefinite-lived assets (see goodwill and indefinite-lived assets below). Other intangibles consist of the following:
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Acquired developed software and other intangibles are deemed to have finite lives and are amortized on a straight-line basis over the periods expected to be benefited (approximately three to five years). During the years ended December 31, 2007, 2006 and 2005, Vivendi Games recorded amortization expense of $4.2 million, $2.2 million and $4.0 million, respectively. Amounts are included in depreciation expense and amortization of other intangibles within the accompanying consolidated statements of operations. Vivendi Games assesses impairment of other intangibles, other than trade names, in accordance with SFAS No. 144 and recognized no impairment loss during any year presented, as no specific triggering event occurred.
The estimated aggregate amortization expense to be recognized during the next two years is approximately $4.7 million and $3.1 million, respectively, after which all other definite-lived intangibles will be principally amortized in full. The net balances at December 31, 2007 for trade names, acquired developed software and other intangibles were $52.6 million, $4.8 million and $2.6 million, respectively.
Other Intangibles
Other intangibles consist of acquired trade names, acquired developed software, and other intangibles related primarily to licensing activities. As of January 1, 2006, trade names were assessed as indefinite-lived assets (see goodwill and indefinite-lived assets below). As of September 30, 2007, other intangibles totaled $61.0 million (net of amortization of $219.6 million) and included the following: trade names ($52.5 million), acquired developed software ($5.4 million), and other intangibles ($3.1 million). As of December 31, 2006, other intangibles totaled $62.3 million (net of amortization of $215.6 million) and included the following: trade names ($52.6 million), acquired developed software ($6.2 million), and other intangibles ($3.5 million). As of December 31, 2005, other intangibles totaled $63.8 million (net of amortization of $436.9 million) and included the following: trade names ($52.3 million), acquired developed software ($8.2 million), and other intangibles ($3.3 million).
Acquired developed software and other intangibles are deemed to have a finite life and are amortized on a straight-line basis over the periods expected to be benefited (approximately three to five years). During the nine months ended September 30, 2007 and 2006, Vivendi Games recorded amortization expense of $2.3 million and $1.7 million, respectively. During 2006, 2005 and 2004, Vivendi Games recorded amortization expense of $2.2 million, $4.0 million and $3.2 million, respectively. Amounts are included in depreciation expense and amortization of other intangibles within the accompanying consolidated statements of operations. Vivendi Games assesses impairment of other intangibles, other than trade names, in accordance with SFAS No. 144 and recognized no impairment loss during any period presented, as no specific triggering event occurred.
The estimated aggregate amortization expense to be recognized in the fourth quarter of 2007 and the next two years is approximately $1.3 million, $4.7 million and $2.5 million, respectively, after which all other definite-lived intangibles would be principally amortized in full.
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