CONTROL4 CORP - 10-Q filing on 2016-05-06

Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2016

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, 2015	$	2,760
Current period acquisitions		13,519
Foreign currency translation adjustment		129
Balance at March 31, 2016	$	16,408

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 March 31, 2016 and December 31, 2015 (in thousands):


	March 31, 2016
		Gross Carrying		Accumulated
		Amount		Amortization		Net
Developed technology	$	16,764	$	(3,310)	$	13,454
Customer relationships		9,184		(269)		8,915
Trademark/tradename		4,410		(61)		4,349
Non-competition agreements		295		(68)		227
Total intangible assets	$	30,653	$	(3,708)	$	26,945

	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):


	Three Months Ended
	March 31,
	2016		2015
Amortization of intangible assets	$	934	$	325

Schedule of amortization of finite-lived intangible assets

Amortization of finite lived intangible assets as of March 31, 2016 for the next five years is as follows (in thousands):


	Amount
2016	$	3,669
2017		4,729
2018		4,525
2019		4,371
2020		3,486
Thereafter		6,165
	$	26,945