Goodwill and Intangible Assets (Tables)
|
9 Months Ended |
Sep. 30, 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, 2015
|
|
$
|
2,760
|
|
|
Current period acquisitions
|
|
|
14,140
|
|
|
Foreign currency translation adjustment
|
|
|
116
|
|
|
Balance at September 30, 2016
|
|
$
|
17,016
|
|
|
| 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 September 30, 2016 and December 31, 2015 (in thousands):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2016
|
|
|
|
|
|
Gross Carrying
|
|
|
Accumulated
|
|
|
|
|
|
|
|
|
Amount
|
|
|
Amortization
|
|
|
Net
|
|
|
Developed technology
|
|
$
|
16,761
|
|
$
|
(4,939)
|
|
$
|
11,822
|
|
|
Customer relationships
|
|
|
9,218
|
|
|
(868)
|
|
|
8,350
|
|
|
Trademark/trade name
|
|
|
4,410
|
|
|
(245)
|
|
|
4,165
|
|
|
Non-competition agreements
|
|
|
295
|
|
|
(134)
|
|
|
161
|
|
|
Total intangible assets
|
|
$
|
30,684
|
|
$
|
(6,186)
|
|
$
|
24,498
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
Nine Months Ended
|
|
|
|
|
September 30,
|
|
September 30,
|
|
|
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
|
|
Cost of revenue
|
|
$
|
800
|
|
$
|
365
|
|
$
|
2,266
|
|
$
|
1,049
|
|
|
Research and development
|
|
|
50
|
|
|
20
|
|
|
140
|
|
|
64
|
|
|
Sales and marketing
|
|
|
371
|
|
|
-
|
|
|
987
|
|
|
-
|
|
|
Total amortization of intangible assets
|
|
$
|
1,221
|
|
$
|
385
|
|
$
|
3,393
|
|
$
|
1,113
|
|
|
| Schedule of amortization of finite-lived intangible assets |
Amortization of finite lived intangible assets as of September 30, 2016 for the next five years is as follows (in thousands):
|
|
|
|
|
|
|
|
Amount
|
|
2016
|
|
$
|
1,209
|
|
2017
|
|
|
4,737
|
|
2018
|
|
|
4,533
|
|
2019
|
|
|
4,370
|
|
2020
|
|
|
3,486
|
|
Thereafter
|
|
|
6,163
|
|
|
|
$
|
24,498
|
|