Goodwill and Intangible Assets (Tables)
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9 Months Ended |
Sep. 30, 2017 |
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| Goodwill and Intangible Assets |
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| 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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|
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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
|
|
|
261
|
|
|
Balance at September 30, 2017
|
|
$
|
21,855
|
|
|
| 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, 2017, and December 31, 2016 (in thousands):
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September 30, 2017
|
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Gross Carrying
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|
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Accumulated
|
|
|
|
|
|
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Amount
|
|
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Amortization
|
|
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Net
|
|
|
Developed technology
|
|
$
|
18,187
|
|
$
|
(8,122)
|
|
$
|
10,065
|
|
|
Customer relationships
|
|
|
11,720
|
|
|
(2,197)
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|
|
9,523
|
|
|
Trademark/trade name
|
|
|
6,776
|
|
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(728)
|
|
|
6,048
|
|
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Non-competition agreements
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|
|
295
|
|
|
(256)
|
|
|
39
|
|
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Total intangible assets
|
|
$
|
36,978
|
|
$
|
(11,303)
|
|
$
|
25,675
|
|
|
|
|
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December 31, 2016
|
|
|
|
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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
|
|
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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 nine months ended September 30, 2017 and 2016 for these intangible assets as follows (in thousands):
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Three Months Ended
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Nine Months Ended
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September 30,
|
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September 30,
|
|
|
|
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2017
|
|
2016
|
|
|
2017
|
|
2016
|
|
|
Cost of revenue
|
|
$
|
802
|
|
$
|
800
|
|
|
$
|
2,367
|
|
$
|
2,266
|
|
|
Research and development
|
|
|
50
|
|
|
50
|
|
|
|
145
|
|
|
140
|
|
|
Sales and marketing
|
|
|
482
|
|
|
371
|
|
|
|
1,373
|
|
|
987
|
|
|
Total amortization of intangible assets
|
|
$
|
1,334
|
|
$
|
1,221
|
|
|
$
|
3,885
|
|
$
|
3,393
|
|
|
| Schedule of amortization of finite lived intangible assets |
Amortization of finite lived intangible assets as of September 30, 2017 for the next five years is as follows (in thousands):
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Amount
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2017
|
|
$
|
1,315
|
|
2018
|
|
|
5,075
|
|
2019
|
|
|
4,959
|
|
2020
|
|
|
4,053
|
|
2021
|
|
|
2,196
|
|
Thereafter
|
|
|
8,077
|
|
|
|
$
|
25,675
|
|