Table of Contents
INFOSPACE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Years Ended December 31, 2001, 2000 and 1999
goodwill may be separately identified and recognized apart from goodwill. SFAS No. 142 requires the use of a nonamortization approach to
account for purchased goodwill and certain intangibles. Under a nonamortization approach, goodwill and certain intangibles will not be
amortized into results of operations, but instead would be reviewed for impairment and written down and charged to results of operations only
in the periods in which the recorded value of goodwill and certain intangibles is more than its fair value. The provisions of each statement that
apply to goodwill and intangible assets acquired prior to June 30, 2001 will be adopted by the Company on January 1, 2002. The Company has
not yet completed its evaluation of the effect of adopting SFAS No. 142; however the Company expects that amortization of intangibles will be
significantly reduced, and that a significant non cash charge will be recorded as a cumulative effect of a change in accounting principle, upon
the adoption of these accounting standards commencing January 1, 2002.
Note 2: Balance Sheet Components
Short term and long term investments classified as available for sale at December 31, 2001 and 2000 consist of the following, stated at
fair market value (in thousands):
December 31,
2001
2000
Corporate notes and bonds
$
102,231
$
120,372
U.S. Government securities
58,279
39,609
Commercial paper
6,155
Taxable municipal bonds
4,200
80,800
Certificate of deposit
10,500
1,750
$
175,210
$
248,686
Maturity information is as follows for investments classified as available for sale at December 31, 2001 (in thousands):
Amortized
Gross Unrealized
Gross Unrealized
Cost
Gains
Losses
Fair Value
Within one year
$
79,505
$
823
$
(9 )
$ 80,319
1 year through 5 years
93,922
1,019
(50 )
94,891
$ 173,427
$
1,842
$
(59 )
$ 175,210
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