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Intangible Assets
 9 Months Ended
Sep. 30, 2018
Intangible Assets  
Intangible Assets

Note 7 – Intangible Assets

Intangible asset activity for the nine months ended September 30, 2018 is detailed in the following table.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

 

in thousands

    

Acquired Technology

    

Customer Relationships

    

              Other              

    

Total Intangible Assets

Net balance at December 31, 2017

 

$

6,946

 

$

22,544

 

$

8,398

 

$

37,888

Additions-Acquisition

 

 

5,900

 

 

10,000

 

 

200

 

 

16,100

Additions-Other

 

 

 —

 

 

 —

 

 

143

 

 

143

Impairment

 

 

 —

 

 

 —

 

 

(478)

 

 

(478)

Net foreign currency translation

 

 

(68)

 

 

(241)

 

 

105

 

 

(204)

Amortization expense

 

 

(3,017)

 

 

(2,294)

 

 

(1,598)

 

 

(6,909)

Net balance at September 30, 2018

 

$

9,761

 

$

30,009

 

$

6,770

 

$

46,540

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2018 balance at cost

 

$

42,735

 

$

37,718

 

$

13,650

 

$

94,103

Accumulated amortization

 

 

(32,974)

 

 

(7,709)

 

 

(6,880)

 

 

(47,563)

Net balance at September 30, 2018

 

$

9,761

 

$

30,009

 

$

6,770

 

$

46,540

 

Certain intangible assets are denominated in local currencies and are subject to currency fluctuations. As a result of the Company rebranding, the value of certain intangible assets was written down during the second quarter of 2018, and impairment charges of $0.5 million were recorded for the nine months ended September 30, 2018.