CONTROL4 CORP - 10-Q filing on 2014-10-31

Goodwill and Intangible assets (Tables)

9 Months Ended

Sep. 30, 2014

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	99
Balance at September 30, 2014	$	99

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, 2013 and September 30, 2014 (in thousands):

	December 31, 2013
	Gross Carrying Amount		Accumulated Amortization			Net
Developed technology	$	1,647	$	(742	)	$	905
Non-competition agreements	31		(8		)	23
Total intangible assets	$	1,678	$	(750	)	$	928

	September 30, 2014
	Gross Carrying Amount		Accumulated Amortization			Net
Developed technology	$	2,597	$	(1,060	)	$	1,537
Non-competition agreements	53		(20		)	33
Total intangible assets	$	2,650	$	(1,080	)	$	1,570

Schedule of amortization expense

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

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2013		2014		2013		2014
Amortization of intangible assets	$	83	$	134	$	218	$	330

Schedule of amortization of finite-lived intangible assets

Amortization of finite lived intangible assets as of September 30, 2014 is as follows for the next four years (in thousands):

	Amount
2014	$	160
2015	612
2016	418
2017	237
2018	143
	$	1,570