Goodwill and Intangible Assets (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
|---|
| Goodwill and Intangible Assets |
|
| 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, 2014
|
|
$
|
231
|
|
|
Current period acquisitions
|
|
|
2,780
|
|
|
Foreign currency translation adjustment
|
|
|
(251)
|
|
|
Balance at December 31, 2015
|
|
$
|
2,760
|
|
|
Current period acquisitions
|
|
|
14,100
|
|
|
Foreign currency translation adjustment
|
|
|
(51)
|
|
|
Balance at December 31, 2016
|
|
$
|
16,809
|
|
|
| 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, 2016 and 2015 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2016
|
|
|
|
|
|
Gross Carrying
|
|
|
Accumulated
|
|
|
|
|
|
|
|
|
Amount
|
|
|
Amortization
|
|
|
Net
|
|
|
Developed technology
|
|
$
|
16,618
|
|
$
|
(5,738)
|
|
$
|
10,880
|
|
|
Customer relationships
|
|
|
9,196
|
|
|
(1,160)
|
|
|
8,036
|
|
|
Trademark/trade name
|
|
|
4,410
|
|
|
(337)
|
|
|
4,073
|
|
|
Non-competition agreements
|
|
|
295
|
|
|
(164)
|
|
|
131
|
|
|
Total intangible assets
|
|
$
|
30,519
|
|
$
|
(7,399)
|
|
$
|
23,120
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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):
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended
|
|
|
|
|
December 31,
|
|
|
|
|
2016
|
|
2015
|
|
|
Cost of revenue
|
|
$
|
3,052
|
|
$
|
1,392
|
|
|
Research and development
|
|
|
188
|
|
|
82
|
|
|
Sales and marketing
|
|
|
1,358
|
|
|
—
|
|
|
Total amortization of intangible assets
|
|
$
|
4,598
|
|
$
|
1,474
|
|
|
| Schedule of amortization of finite lived intangible assets |
Amortization of finite lived intangible assets as of December 31, 2016 is as follows for the next five years (in thousands):
|
|
|
|
|
|
|
|
Amount
|
|
2017
|
|
$
|
4,681
|
|
2018
|
|
|
4,477
|
|
2019
|
|
|
4,314
|
|
2020
|
|
|
3,481
|
|
2021
|
|
|
1,632
|
|
Thereafter
|
|
|
4,535
|
|
|
|
$
|
23,120
|
|