Yahoo 2015 Annual Report Download - page 119
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Reclassifications out of accumulated other comprehensive income for the period ended December 31,
2015 were as follows (in thousands):
Amount
Reclassified from
Accumulated
Other
Comprehensive
Income
Affected Line Item in the
Statement of Income
Realized losses on cash flow hedges, net of tax
$4,421 Revenue
Realized losses on available-for-sale securities, net
of tax
174 Other income (expense), net
Total reclassifications for the period
$4,595
Note 4 Acquisitions And Dispositions
The following table summarizes acquisitions (including business combinations and asset acquisitions)
completed during the three years ended December 31, 2015 (in millions):
Purchase
Price Goodwill
Amortizable
Intangibles
2013
Tumblr
$990 $749 $263
Other acquisitions
$279 $170 $ 95
2014
Flurry
$270 $194 $ 55
BrightRoll
$581 $417 $113
Other acquisitions
$66 $39 $18
2015
Polyvore
$161 $131 $ 19
Other acquisition
$23 $22 $ 5
At the completion date of each acquisition, the Company recorded goodwill where the purchase
price exceeded the fair value of the net tangible and identifiable intangible assets acquired. Goodwill
is not amortized, but is tested for impairment at the reporting unit level on an annual basis and more
frequently if impairment indicators are present. As a result of the impairment testing performed on its
reporting units as of October 31, 2015, the majority of the goodwill originating from these acquisitions
was subsequently impaired. See Note 5—“Goodwill” for results of the goodwill impairment test.
Transactions completed in 2013
Tumblr. On June 19, 2013, the Company completed the acquisition of Tumblr, Inc. (“Tumblr”), a blog-
hosting website that allows users to post their own content as well as follow or re-blog posts made
by other users. The acquisition of Tumblr brought a community of new users to Yahoo Properties and
Affiliate sites.
The purchase price exceeded the fair value of the net tangible and identifiable intangible assets
acquired and, as a result, the Company recorded goodwill in connection with this transaction. Under
115