Symantec 2008 Annual Report Download - page 169
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Other intangible assets, net
Other intangible assets subject to amortization are as follows:
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
March 28, 2008
(In thousands)
Customer base ............................... $1,661,683 $(526,512) $1,135,171
Tradename . . ................................ 125,203 (38,933) 86,270
Norton tradename
(1)
........................... 22,083 — 22,083
Partnership agreements......................... 2,300 (2,300) —
$1,811,269 $(567,745) $1,243,524
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
March 30, 2007
(In thousands)
Customer base ............................... $1,500,201 $(335,393) $1,164,808
Tradename . . ................................ 107,207 (27,335) 79,872
Partnership agreements......................... 2,300 (1,342) 958
$1,609,708 $(364,070) $1,245,638
(1)
The Norton tradename has an indefinite life and is not subject to amortization.
In fiscal 2008, 2007, and 2006, amortization expense for other intangible assets was $225 million, $201 mil-
lion, and $149 million, respectively. Amortization of other intangible assets is included in Operating expenses in the
Consolidated Statements of Income. The weighted-average remaining estimated lives for other intangible assets are
approximately 5 years for customer base and approximately 7 years for trade name. The weighted-average
remaining estimated life of other intangible assets in total is approximately 6 years. Annual amortization of other
intangible assets, based upon our existing intangible assets and their current estimated lives, as of March 28, 2008, is
estimated to be as follows:
2009 .............................................................. $ 243,198
2010 .............................................................. 219,133
2011 .............................................................. 218,383
2012 .............................................................. 216,310
2013 .............................................................. 214,345
Thereafter . . ........................................................ 132,155
$1,243,524
87
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)