VRSN » Topics » Impairment of other intangible assets

This excerpt taken from the VRSN 10-K filed Feb 29, 2008.

Impairment of other intangible assets

 

During 2007, VeriSign recognized an impairment charge of $62.6 million for other intangible assets of the Content Services business reporting unit as a result of the impairment test conducted as required by SFAS 142

 

 

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VERISIGN, INC. AND SUBSIDIARIES

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

DECEMBER 31, 2007, 2006 AND 2005

 

and SFAS 144 as of December 31, 2007. During 2007, the Company wrote-off an additional amount $4.8 million of other intangible assets primarily related to a significant change in the operations of an asset group.

 

During 2006, VeriSign wrote off approximately $2.0 million of other intangible assets specifically related to abandoned technology acquired for a specific customer.

 

This excerpt taken from the VRSN 10-Q filed Nov 5, 2007.

Impairment of other intangible assets

During the nine months ended September 30, 2007, VeriSign wrote-off approximately $4.8 million of other intangible assets specifically related to a significant change in the operations of an asset group. During the nine months ended September 30, 2006, VeriSign wrote off approximately $2.0 million of other intangible assets specifically related to abandoned technology acquired for a specific customer.

This excerpt taken from the VRSN 10-Q filed Jul 16, 2007.

Impairment of other intangible assets

During the three months ended March 31, 2006, VeriSign wrote off approximately $2.0 million of other intangible assets specifically related to abandoned technology acquired for a specific customer. There were no impairments of other intangible assets during the three months ended March 31, 2007.

This excerpt taken from the VRSN 10-Q filed Jul 12, 2007.

Impairment of other intangible assets

During the nine months ended September 30, 2006, VeriSign wrote off approximately $2.0 million of other intangible assets specifically related to abandoned technology acquired for a specific customer.

Estimated future amortization expense related to other intangible assets at September 30, 2006 is as follows:

 

     (In thousands)

2006 (remaining 3 months)

   $ 31,211

2007

     115,589

2008

     55,469

2009

     47,303

2010

     35,366

2011

     20,745

Thereafter

     20,176
      
   $ 325,859
      
This excerpt taken from the VRSN 10-Q filed May 10, 2006.

Impairment of other intangible assets

During the three months ended March 31, 2006, we wrote off approximately $2.0 million of intangible assets specifically related to abandoned technology acquired for a specific customer.

 

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