Goodwill and Intangibles
 3 Months Ended
Mar. 31, 2015
Goodwill and Other Intangibles  
Goodwill and Other Intangibles

NOTE 5.Goodwill and Intangible Assets

 

There have been no changes in goodwill from December 31, 2014 to March 31, 2015.

 

Intangible assets consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2015

 

December 31, 2014

 

    

 

    

Gross

    

 

 

    

Net

    

Gross

    

 

 

    

Net

 

 

Useful Life

 

Carrying

 

Accumulated

 

Carrying

 

Carrying

 

Accumulated

 

Carrying

(in millions)

 

(in years)

 

Amount

 

Amortization

 

Amount

 

Amount

 

Amortization

 

Amount

Technology

 
3 

–  

5

 

$
27.2 

 

$
(12.1)

 

$
15.1 

 

$
27.2 

 

$
(10.6)

 

$
16.6 

Customer relationships

 
10 

–  

12

 

 
27.0 

 

 
(4.0)

 

 
23.0 

 

 
27.0 

 

 
(3.4)

 

 
23.6 

Trademarks

 

 

3

 

 

 
5.6 

 

 
(3.8)

 

 
1.8 

 

 
5.6 

 

 
(3.4)

 

 
2.2 

FCC licenses and other

 
2 

–  

20

 

 
2.7 

 

 
(2.2)

 

 
0.5 

 

 
2.7 

 

 
(2.1)

 

 
0.6 

Total

 

 

 

 

 

$
62.5 

 

$
(22.1)

 

$
40.4 

 

$
62.5 

 

$
(19.5)

 

$
43.0 

 

Intangible amortization expense was $2.6 million and $2.5 million for the three months ended March 31, 2015 and 2014, respectively.

 

The estimated annual amortization expense for acquired intangible assets for each of the next five years and thereafter is as follows:

 

 

 

 

 

 

(in millions)

 

Amount

Remainder of 2015

 

$
7.5 

2016

 

 
8.2 

2017

 

 
7.7 

2018

 

 
2.9 

2019

 

 
2.5 

Thereafter

 

 
11.6 

Total amortization expense

 

$
40.4