Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The changes in the carrying amount of goodwill for the year ended December 31, 2016 are as follows (amounts in thousands):



	Business			Consumer		Total
Balance as of December 31, 2015	$	72,298		$	8,024	$	80,322
Adjustments to goodwill:
Foreign exchange adjustments	(77		)	—		(77		)
Balance as of December 31, 2016	$	72,221		$	8,024	$	80,245

The changes in the carrying amount of goodwill for the year ended December 31, 2015 are as follows (amounts in thousands):



	Business			Consumer		Total
Balance as of December 31, 2014	$	72,824		$	8,024	$	80,848
Adjustments to goodwill:
Foreign exchange adjustments	(526		)	—		(526		)
Balance as of December 31, 2015	$	72,298		$	8,024	$	80,322

The total accumulated goodwill impairment charges are $23.5 million through December 31, 2016. No impairment was recognized for the years ended December 31, 2016, 2015 and 2014.

Intangible Assets

Intangible assets are summarized as follows (see Note 7) (amounts in thousands):



	December 31, 2016
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Amortization Period
Amortizing intangible assets:
Technology	$	28,018	$	(19,736	)	$	8,282	4.7 years
Customer relationships	16,009		(8,857		)	7,152		5.8 years
Trade names	1,295		(1,277		)	18		2.6 years
Non-compete agreements	1,446		(1,220		)	226		1.7 years
Patents	1,180		(376		)	804		11.0 years
Other	263		(235		)	28		3.0 years
Total	$	48,211	$	(31,701	)	$	16,510



	December 31, 2015
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Amortization Period
Amortizing intangible assets:
Technology	$	28,005	$	(15,723	)	$	12,282	4.7 years
Customer relationships	16,008		(6,873		)	9,135		5.8 years
Trade names	1,287		(1,250		)	37		2.6 years
Non-compete agreements	1,446		(936		)	510		1.7 years
Patents	3,440		(848		)	2,592		9.3 years
Other	312		(249		)	63		3.0 years
Total	$	50,498	$	(25,879	)	$	24,619

Amortization expense is calculated over the estimated useful life of the asset. Aggregate amortization expense for intangible assets was $6.7 million, $8.0 million and $5.1 million for the years ended December 31, 2016, 2015 and 2014, respectively. For the years ended December 31, 2016, 2015 and 2014, a portion of this amortization is included in cost of revenue. Estimated amortization expense for the next five years are as follows (amounts in thousands):



	Estimated Amortization Expense
2017	$	4,598
2018	2,550
2019	2,343
2020	2,146
2021	1,945
Thereafter	2,928
Total	$	16,510

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details