CONTROL4 CORP - 10-K filing on 2016-02-16

Years Ended

December 31,

Amortization of intangible assets

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of changes in carrying amount of goodwill

Changes in the carrying amount of goodwill consisted of the following (in thousands):


	Amount
Balance at December 31, 2013	$	—
Current period acquisitions		231
Balance at December 31, 2014		231
Current period acquisitions		2,780
Foreign currency translation adjustment		(251)
Balance at December 31, 2015	$	2,760

Schedule of company's intangible assets and related accumulated amortization

The Company’s intangible assets and related accumulated amortization consisted of the following as of December 31, 2014 and December 31, 2015 (in thousands):


	December 31, 2014
	Gross Carrying		Accumulated
	Amount		Amortization		Net
Developed technology	$	2,597	$	(1,214)	$	1,383
Non-competition agreements		53		(27)		26
Total intangible assets	$	2,650	$	(1,241)	$	1,409

	December 31, 2015
		Gross Carrying		Accumulated
		Amount		Amortization		Net
Developed technology	$	6,907	$	(2,643)	$	4,264
Customer relationships		342		(66)		276
Non-competition agreements		53		(46)		7
Total intangible assets	$	7,302	$	(2,755)	$	4,547

Schedule of amortization expense during the respective periods

The Company recorded amortization expense during the respective periods for these intangible assets as follows: (in thousands):

Schedule of amortization of finite-lived intangible assets

Amortization of finite lived intangible assets as of December 31, 2015 is as follows for the next five years (in thousands):


	Amount
2016	$	1,336
2017		1,155
2018		1,061
2019		918
2020		77
	$	4,547