SIRI » Topics » Definite Life Intangible Assets

This excerpt taken from the SIRI 10-Q filed May 11, 2009.

Definite Life Intangible Assets

Definite life intangible assets consist primarily of subscriber relationships of $380,000 that were acquired as a result of the Merger. Subscriber relationships are amortized on an accelerated basis over 9 years, which reflects the estimated pattern in which the economic benefits will be consumed. Other definite life intangibles include certain licensing agreements of $75,000, which are being amortized over a weighted average useful life of 9.1 years on a straight-line basis.

Amortization expense for the three months ended March 31, 2009 was $20,430. Expected amortization expense for each of the fiscal years through December 31, 2013 and for periods thereafter is as follows:

 

Year ending December 31,

   Amount

Remaining 2009

   $ 56,335

2010

     66,143

2011

     59,021

2012

     53,467

2013

     47,097

Thereafter

     136,178
      

Total intangibles, net

   $ 418,241
      

"Definite Life Intangible Assets" elsewhere:

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