CNXT » Topics » Amortization of Intangible Assets

These excerpts taken from the CNXT 10-K filed Nov 26, 2008.
Amortization of Intangible Assets
 
Amortization of intangible assets consists of amortization expense for intangible assets acquired in various business combinations. Our intangible assets are being amortized over a weighted-average period of approximately two years.
 
Amortization expense decreased $5.7 million, or 27%, in fiscal 2008 compared to fiscal 2007. The decrease in amortization expense is primarily attributable to the impairment of the intangible assets related to our former wireless business unit recognized in the fourth quarter of fiscal 2007.
 
Amortization expense decreased $8.6 million, or 29%, in fiscal 2007 compared to fiscal 2006. These decreases were due to the $20.0 million impairment charge and write-down of certain intangible assets in the second quarter of fiscal 2007, the modification of the useful lives of some of the intangible assets acquired in the merger with GlobespanVirata, Inc. and some intangible assets becoming fully amortized during fiscal 2006.
 
Amortization
of Intangible Assets



 



Amortization of intangible assets consists of amortization
expense for intangible assets acquired in various business
combinations. Our intangible assets are being amortized over a
weighted-average period of approximately two years.


 



Amortization expense decreased $5.7 million, or 27%, in
fiscal 2008 compared to fiscal 2007. The decrease in
amortization expense is primarily attributable to the impairment
of the intangible assets related to our former wireless business
unit recognized in the fourth quarter of fiscal 2007.


 



Amortization expense decreased $8.6 million, or 29%, in
fiscal 2007 compared to fiscal 2006. These decreases were due to
the $20.0 million impairment charge and write-down of
certain intangible assets in the second quarter of fiscal 2007,
the modification of the useful lives of some of the intangible
assets acquired in the merger with GlobespanVirata, Inc. and
some intangible assets becoming fully amortized during fiscal
2006.


 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Nov 26, 2008
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