Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

 

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Goodwill and Other Intangible Assets

Goodwill was $74.6 million and $11.3 million as of December 31, 2015 and 2014, respectively. There were no impairments recorded against goodwill in 2015, 2014 or 2013. The following table displays the changes in the gross carrying amount of goodwill:

 

     Amount  
     (in thousands)  

Balance at December 31, 2014 and 2013

     11,265   

NTO acquisition

     4,590   

Logentries acquisition

     58,710   
  

 

 

 

Balance at December 31, 2015

     $74,565   
  

 

 

 

Identifiable intangible assets consist of the following:

 

          As of December 31, 2015     As of December 31, 2014  
    Weighted-
Average
Life (years)
    Gross Carrying
Amount
    Accumulated
Amortization
    Net Book Value     Gross Carrying
Amount
    Accumulated
Amortization
    Net Book Value  
          (in thousands)  

Intangible assets subject to amortization:

             

Developed technology

    5.9        $12,851        $(2,955)        $9,896        $2,601        $(1,934)        $667   

Trade names

    6.3        719        (389)        330        494        (280)        214   

Customer relationships

    6.7        1,000        (43)        957                        

Non-compete agreements

    4.8        540        (338)        202        500        (225)        275   
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total intangible assets

      $15,110        $(3,725)        $11,385        $3,595        $(2,439)        $1,156   
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Amortization of intangible assets is expensed on a straight-line basis over the useful life of the asset. We recorded amortization expense of $1.3 million, $0.9 million and $0.9 million in 2015, 2014 and 2013, respectively.

Estimated future amortization expense of the acquired identifiable intangible assets as of December 31, 2015 is as follows (in thousands):

 

2016

      $ 2,285   

2017

    2,034   

2018

    1,915   

2019

    1,880   

2020

    1,837   

2021 and thereafter

    1,434   
 

 

 

 

Total

      $ 11,385