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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill
The following table presents the changes in the carrying amount of goodwill:
(in thousands)
2018
 
2017
Balance as of January 1,
$
72,952

 
$
73,164

Purchase price adjustments to goodwill

 
(354
)
Translation adjustments
(94
)
 
142

Balance as of December 31,
$
72,858

 
$
72,952

Schedule of Amortizable Intangible Assets
Intangible assets are recorded at cost and amortized using the straight-line method over their estimated useful lives as follows:
 
 
 
December 31, 2018
(in thousands)
Useful Lives
 
Cost
 
Accumulated
Amortization
 
Net Book Value (1)
Client-related intangibles
4-10 years
 
$
63,115

 
$
(51,224
)
 
$
11,891

Technology
2-10 years
 
59,742

 
(50,398
)
 
9,344

Other
1 - 5 years
 
5,361

 
(5,361
)
 

 
 
 
$
128,218

 
$
(106,983
)
 
$
21,235

(1) Included in other long-term assets.
 
 
 
December 31, 2017
(in thousands)
Useful Lives
 
Cost
 
Accumulated Amortization
 
Net Book Value (1)
Client-related intangibles
4-10 years
 
$
63,164

 
$
(44,835
)
 
$
18,329

Technology
3-10 years
 
58,942

 
(45,372
)
 
13,570

Other
1 - 5 years
 
5,361

 
(5,361
)
 

 
 
 
$
127,467

 
$
(95,568
)
 
$
31,899

(1) Included in other long-term assets.
Amortization Expense of Acquired Intangibles
Intangibles amortization was reflected in the Company’s consolidated statements of operations as follows:
(in thousands)
2018
 
2017
 
2016
Cost of revenue
$
5,027

 
$
5,103

 
$
5,986

Selling and marketing
6,416

 
7,235

 
7,145

General and administrative

 

 
277


$
11,443

 
$
12,338

 
$
13,408

Estimated Future Amortization Expense Related to Intangible Assets
Future estimated amortization expense related to intangible assets:
(in thousands)
December 31, 2018
2019
$
5,946

2020
2,950

2021
2,627

2022
2,537

2023 and thereafter
7,175

 
$
21,235