Goodwill and Intangible Assets (Tables)
|
3 Months Ended |
Mar. 31, 2018 |
|---|
| 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, 2017
|
|
$
|
21,867
|
|
|
Foreign currency translation adjustment
|
|
|
(39)
|
|
|
Balance at March 31, 2018
|
|
$
|
21,828
|
|
|
| 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, 2018 and December 31, 2017 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2018
|
|
|
|
|
|
Gross Carrying
|
|
|
Accumulated
|
|
|
|
|
|
|
|
|
Amount
|
|
|
Amortization
|
|
|
Net
|
|
|
Developed technology
|
|
$
|
17,252
|
|
$
|
(7,471)
|
|
$
|
9,781
|
|
|
Customer relationships
|
|
|
12,008
|
|
|
(2,929)
|
|
|
9,079
|
|
|
Trademark/trade name
|
|
|
6,776
|
|
|
(1,009)
|
|
|
5,767
|
|
|
Non-competition agreements
|
|
|
295
|
|
|
(295)
|
|
|
—
|
|
|
Total intangible assets
|
|
$
|
36,331
|
|
$
|
(11,704)
|
|
$
|
24,627
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2017
|
|
|
|
|
Gross Carrying
|
|
Accumulated
|
|
|
|
|
|
|
|
Amount
|
|
Amortization
|
|
Net
|
|
|
Developed technology
|
|
$
|
19,626
|
|
$
|
(8,914)
|
|
$
|
10,712
|
|
|
Customer relationships
|
|
|
12,009
|
|
|
(2,556)
|
|
|
9,453
|
|
|
Trademark/trade name
|
|
|
6,776
|
|
|
(869)
|
|
|
5,907
|
|
|
Non-competition agreements
|
|
|
295
|
|
|
(286)
|
|
|
9
|
|
|
Total intangible assets
|
|
$
|
38,706
|
|
$
|
(12,625)
|
|
$
|
26,081
|
|
|
| Schedule of amortization expense during the respective periods |
The Company recorded amortization expense during the three months ended March 31, 2018 and 2017 for these intangible assets as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
|
|
|
March 31,
|
|
|
|
|
|
2018
|
|
2017
|
|
|
|
Cost of revenue
|
|
$
|
921
|
|
$
|
774
|
|
|
|
Research and development
|
|
|
28
|
|
|
48
|
|
|
|
Sales and marketing
|
|
|
497
|
|
|
408
|
|
|
|
Total amortization of intangible assets
|
|
$
|
1,446
|
|
$
|
1,230
|
|
|
|
| Schedule of amortization of finite lived intangible assets |
Amortization of finite lived intangible assets as of March 31, 2018 for the next five years is as follows (in thousands):
|
|
|
|
|
|
|
|
Amount
|
|
Remainder of 2018
|
|
$
|
4,124
|
|
2019
|
|
|
5,514
|
|
2020
|
|
|
4,598
|
|
2021
|
|
|
2,254
|
|
2022
|
|
|
2,093
|
|
Thereafter
|
|
|
6,044
|
|
|
|
$
|
24,627
|
|