GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2014

Changes in Carrying Amount of Goodwill

The following table presents the changes in the carrying amount of goodwill:

(in thousands)	2014
Balance as of January 1,	$	37,463
Purchase price adjustments to goodwill retroactively applied (1)		(594)
Revised balance as January 1, and March 31,	$	36,869

(1) The purchase price adjustments identified during the first quarter of 2014 have been retroactively applied as of December 31, 2013.

Schedule of Amortizable Intangible Assets

Intangible assets are recorded at cost and are amortized using the straight-line method over their estimated useful lives.

(in thousands)	Range of Useful Lives		Cost		Accumulated Amortization		Net Book Value
As of March 31, 2014
Customer related intangibles		4-9 years	$	48,634	$	(19,813)	$	28,821
Technology		3-9 years		47,102		(24,714)		22,388
Other intangibles		1-5 years		4,658		(3,049)		1,609
Total			$	100,394	$	(47,576)	$	52,818
			Cost		Accumulated Amortization		Net Book Value
As of December 31, 2013
Customer related intangibles		4-9 years	$	48,634	$	(18,317)	$	30,317
Technology		3-9 years		47,102		(22,873)		24,229
Other intangibles		1-5 years		4,658		(2,630)		2,028
Total			$	100,394	$	(43,820)	$	56,574

Amortization Expense of Acquired Intangibles

Amortization of intangibles was reflected in the Company’s unaudited condensed consolidated statements of operations as follows:

	Three Months Ended March 31,
(in thousands)	2014		2013
Cost of revenue	$	1,840	$	1,541
Selling and marketing		1,496		1,232
General and administrative		420		4
Total amortization expense	$	3,756	$	2,777

Estimated Future Amortization Expense

Amortization of intangibles is estimated to be recorded over their remaining useful lives as follows:

(in thousands) as of March 31, 2014	Future estimated amortization expense
Remainder of 2014	$	9,414
2015		11,336
2016		10,973
2017		9,512
2018		8,688
2019		2,895
	$	52,818