LogMeIn, Inc. - 10-K filing on 2014-03-10

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

Changes in Goodwill

Changes in goodwill for the years ended December 31, 2012 and 2013, are as follows (in thousands):


Balance, December 31, 2011		$	7,259
Goodwill related to the acquisition of Bold			11,178
Foreign currency translation adjustments			446

Balance, December 31, 2012		$	18,883
Foreign currency translation adjustments			(171	)

Balance, December 31, 2013		$	18,712

Intangible Assets

Intangible assets consist of the following (in thousands):


						December 31, 2012												December 31, 2013
		Estimated Useful Life				Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount				Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
Identifiable intangible assets:
Trademark			1-5 years			$	666			$	666			$	—			$	666			$	666			$	—
Customer base			5-7 years				3,789				1,447				2,342				3,789				1,901				1,888
Domain names			5 years				534				137				397				894				341				553
Software			4 years				299				299				—				299				299				—
Technology			3-6 years				2,463				1,581				882				13,963				1,835				12,128
Technology and know-how			3-6 years				3,257				1,577				1,680				3,176				2,597				579
Non-Compete agreements			5 years				162				9				153				162				34				128
Internally developed software			3 years				1,282				368				914				2,485				875				1,610

						$	12,452			$	6,084			$	6,368			$	25,434			$	8,548			$	16,886

Future Estimated Amortization Expense

Amortization Expense (Years Ending December 31)		Amount
2014			4,333
2015			3,706
2016			3,257
2017			2,787
2018			2,612
Thereafter			191

Total		$	16,886