Internal Use Software Development Costs. The Company capitalizes external direct costs of materials and services consumed in developing and obtaining internal-use computer software and the payroll and payroll-related costs for employees who are directly associated with and who devote time to developing the internal-use computer software. These costs are capitalized after certain milestones have been achieved and generally amortized over a three year period once the project is placed in service. Management exercises judgment in determining when costs related to a project may be capitalized, in assessing the ongoing value of the capitalized costs, and in determining the amortization period for the capitalized costs, which is generally three years. The Company expects to continue to invest in internally developed software, although no such costs were capitalized in 2014 or 2013.
Appears in 5 contracts
Samples: Merger Agreement (LookSmart Group, Inc.), Merger Agreement (LookSmart Group, Inc.), Merger Agreement (LookSmart Group, Inc.)
Internal Use Software Development Costs. The Company capitalizes We capitalize external direct costs of materials and services consumed in developing and obtaining internal-use computer software and the payroll and payroll-related costs for employees who are directly associated with and who devote time to developing the internal-use computer software. These costs are capitalized after certain milestones have been achieved and generally amortized over a three three-year period once the project is placed in service. Management exercises judgment in determining when costs related to a project may be capitalized, in assessing the ongoing value of the capitalized costs, and in determining the amortization period for the capitalized costs, which is generally three years. The Company expects to continue to invest in internally developed softwaresoftware and to capitalize such costs in the future, although no such costs were capitalized in the year ended December 31, 2014 or 2013in the six months ended June 30, 2015.
Appears in 3 contracts
Samples: Merger Agreement (LookSmart Group, Inc.), Merger Agreement (LookSmart Group, Inc.), Merger Agreement (LookSmart Group, Inc.)
Internal Use Software Development Costs. The Company capitalizes external direct costs of materials and services consumed in developing and obtaining internal-use computer software and the payroll and payroll-related costs for employees who are directly associated with and who devote time to developing the internal-use computer software. These costs are capitalized after certain milestones have been achieved and generally amortized over a three three-year period once the project is placed in service. Management exercises judgment in determining when costs related to a project may be capitalized, in assessing the ongoing value of the capitalized costs, and in determining the amortization period for the capitalized costs, which is generally three years. The Company expects to continue to invest in internally developed softwaresoftware and to capitalize such costs in the future, although no such costs were capitalized in 2014 or 2013the three months ended June 30, 2015.
Appears in 3 contracts
Samples: Merger Agreement (LookSmart Group, Inc.), Merger Agreement (LookSmart Group, Inc.), Merger Agreement (LookSmart Group, Inc.)
Internal Use Software Development Costs. The Company capitalizes We capitalize external direct costs of materials and services consumed in developing and obtaining internal-use computer software and the payroll and payroll-related costs for employees who are directly associated with and who devote time to developing the internal-use computer software. These costs are capitalized after certain milestones have been achieved and generally amortized over a three three-year period once the project is placed in service. Management exercises judgment in determining when costs related to a project may be capitalized, in assessing the ongoing value of the capitalized costs, and in determining the amortization period for the capitalized costs, which is generally three years. The Company expects to continue to invest in internally developed softwaresoftware and to capitalize such costs in the future, although no such costs were capitalized in 2014 or 2013the year ended December 31, 2014.
Appears in 2 contracts
Samples: Merger Agreement (LookSmart Group, Inc.), Merger Agreement (Looksmart LTD)