Goodwill and Intangible Assets (Tables)
|
6 Months Ended |
Jun. 30, 2017 |
|---|
| 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):
|
|
|
|
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Amount
|
|
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Balance at December 31, 2016
|
|
$
|
16,809
|
|
|
Current period acquisitions
|
|
|
4,785
|
|
|
Foreign currency translation adjustment
|
|
|
199
|
|
|
Balance at June 30, 2017
|
|
$
|
21,793
|
|
|
| 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 June 30, 2017 and December 31, 2016 (in thousands):
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June 30, 2017
|
|
|
|
|
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Gross Carrying
|
|
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Accumulated
|
|
|
|
|
|
|
|
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Amount
|
|
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Amortization
|
|
|
Net
|
|
|
Developed technology
|
|
$
|
18,169
|
|
$
|
(7,321)
|
|
$
|
10,848
|
|
|
Customer relationships
|
|
|
11,714
|
|
|
(1,838)
|
|
|
9,876
|
|
|
Trademark/trade name
|
|
|
6,776
|
|
|
(586)
|
|
|
6,190
|
|
|
Non-competition agreements
|
|
|
295
|
|
|
(225)
|
|
|
70
|
|
|
Total intangible assets
|
|
$
|
36,954
|
|
$
|
(9,970)
|
|
$
|
26,984
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
| Schedule of amortization expense during the respective periods |
The Company recorded amortization expense during the three and six month periods ended June 30, 2017 and 2016 for these intangible assets as follows (in thousands):
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Three Months Ended
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|
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Six Months Ended
|
|
|
|
|
June 30,
|
|
|
June 30,
|
|
|
|
|
2017
|
|
2016
|
|
|
2017
|
|
2016
|
|
|
Cost of revenue
|
|
$
|
791
|
|
$
|
817
|
|
|
$
|
1,565
|
|
$
|
1,466
|
|
|
Research and development
|
|
|
47
|
|
|
50
|
|
|
|
95
|
|
|
90
|
|
|
Sales and marketing
|
|
|
483
|
|
|
371
|
|
|
|
891
|
|
|
616
|
|
|
Total amortization of intangible assets
|
|
$
|
1,321
|
|
$
|
1,238
|
|
|
$
|
2,551
|
|
$
|
2,172
|
|
|
| Schedule of amortization of finite lived intangible assets |
Amortization of finite lived intangible assets as of June 30, 2017 for the next five years is as follows (in thousands):
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|
|
|
|
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Amount
|
|
2017
|
|
$
|
2,654
|
|
2018
|
|
|
5,113
|
|
2019
|
|
|
4,971
|
|
2020
|
|
|
3,972
|
|
2021
|
|
|
2,196
|
|
Thereafter
|
|
|
8,078
|
|
|
|
$
|
26,984
|
|