Symantec 2008 Annual Report Download - page 168
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Goodwill is tested for impairment on an annual basis, or earlier if indicators of impairment exist. We
completed our annual goodwill impairment test required by SFAS No. 142 during the March 2008 quarter and
determined that there was no impairment of goodwill.
Acquired product rights, net
Acquired product rights subject to amortization are as follows:
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
March 28, 2008
(In thousands)
Developed technology ......................... $1,655,895 $(1,045,383) $610,512
Patents .................................... 71,313 (32,875) 38,438
$1,727,208 $(1,078,258) $648,950
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
March 30, 2007
(In thousands)
Developed technology ......................... $1,610,199 $(754,328) $855,871
Patents..................................... 79,684 (25,677) 54,007
$1,689,883 $(780,005) $909,878
In fiscal 2008, 2007, and 2006, amortization expense for acquired product rights was $349 million,
$342 million, and $314 million, respectively. Amortization of acquired product rights is included in Cost of
revenues in the Consolidated Statements of Income.
The weighted-average remaining estimated lives of acquired product rights are approximately 2 years for
developed technology and approximately 3 years for patents. The weighted-average remaining estimated life of
acquired product rights in total is approximately 2 years. Annual amortization of acquired product rights, based
upon our existing acquired product rights and their current useful lives, as of March 28, 2008, is estimated to be as
follows:
2009 . ............................................................. $ 338,748
2010 . ............................................................. 200,790
2011 . ............................................................. 69,935
2012 . ............................................................. 27,585
2013 . ............................................................. 3,477
Thereafter .......................................................... 8,415
$ 648,950
86
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)