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VRSN » Topics » Note 5. Goodwill

This excerpt taken from the VRSN 10-Q filed May 8, 2009.

Note 5. Goodwill

The following table summarizes the changes in the carrying amount of goodwill allocated to the Company’s 3IS segment during the three months ended March 31, 2009. There is no goodwill allocated to the Company’s Other Services segment as of March 31, 2009.

 

     3IS  
   (In thousands)  

Balance at December 31, 2008

    $ 283,109  

Reclassification from assets held for sale

      7,000  

Other adjustments (1)

      (661 )
        

Balance at March 31, 2009

    $ 289,448  
        

 

(1) Other adjustments consist of foreign exchange fluctuations.

During the three months ended March 31, 2009, the Company disaggregated its ESS disposal group held for sale as of December 31, 2008, into the following three businesses: (i) GSC, (ii) iDefense, and (iii) MSS. The Company decided to retain its iDefense business and, accordingly, reclassified goodwill of $7.0 million allocated to iDefense as held and used as of March 31, 2009.

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