Intangible Assets and Goodwill |
12 Months Ended |
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Dec. 31, 2015 | |
| Goodwill and Intangible Assets Disclosure [Abstract] | |
| Intangible Assets and Goodwill |
14. Intangible Assets and Goodwill During the year ended December 31, 2014, we recorded goodwill of $2 million related to the real estate acquisitions described in Note 1. We also recorded real estate related lease intangibles that are described in Note 6. In connection with a business purchase combination, which occurred in 2007, we recorded intangible assets of $5 million to be amortized over their estimated useful life and goodwill of $4 million. Based on our annual goodwill impairment test, we determined that the goodwill of the reporting unit is considered not impaired as its fair value exceeds the carrying amount. The remaining unamortized balance of the intangible assets was $1 million as of December 31, 2015 and $2 million as of December 31, 2014. Intangible amortization expense in each of the years ended December 31, 2015 and 2014 was $0.2 million and $0.3 million for the year ended December 31, 2013. Future amortization expenses related to non real estate related amortizable intangible assets at December 31, 2015 will be approximately $0.2 million annually through the year ending December 31, 2021. Non real estate intangible assets and goodwill are included in the other assets line item in the consolidated balance sheets. |
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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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