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Goodwill and Other Intangible Assets, Net
3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets, Net
Goodwill and Other Intangible Assets, Net
Goodwill
The Company has $39.7 million of goodwill on its balance sheet from prior business acquisitions. The Company performs an assessment of its goodwill for impairment on at least an annual basis or whenever events or changes in circumstances indicate there might be an impairment. The Company's annual impairment test date is October 1st. There was no impairment of goodwill during the three months ended March 31, 2019.
Intangible Assets, Net
The Company’s finite-lived intangible assets are stated at cost less accumulated amortization and include customer relationships acquired in prior business acquisitions and from the Company's former European Distributor. See Note 12 for a discussion of the Company's accounting for estimated fees owed to its former European Distributor following the expiration of its distribution agreement on June 30, 2018.
The components of other intangible assets are as follows:
 
As of
 
March 31, 2019
 
December 31, 2018
(in thousands)
Gross Carrying Amount
 
Accumulated Amortization
 
Net Book Value
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Book Value
Customer and contractual relationships
$
8,423

 
$
(2,087
)
 
$
6,336

 
$
6,109

 
$
(1,880
)
 
$
4,229

Internal-use software
10,702

 
(5,554
)
 
5,148

 
11,262

 
(5,108
)
 
6,154

Total intangible assets
$
19,125

 
$
(7,641
)
 
$
11,484

 
$
17,371

 
$
(6,988
)
 
$
10,383



Amortization expense for intangible assets was approximately $0.6 million and $0.4 million for the three months ended March 31, 2019 and 2018, respectively. Amortization expense is recorded in general and administrative expenses in the consolidated statements of operations.
Amortization expense expected for the next five years and thereafter is as follows:
(in thousands)
 
 
 
 
 
Years Ending December 31,
Customer and Contractual Relationships
 
Internal-Use Software
 
Total
2019 (remaining)
$
598

 
$
1,312

 
$
1,910

2020
732

 
1,593

 
2,325

2021
668

 
1,154

 
1,822

2022
668

 
565

 
1,233

2023
668

 
178

 
846

Thereafter
3,002

 
346

 
3,348

     Total
$
6,336

 
$
5,148

 
$
11,484


As of March 31, 2019, the weighted average amortization period of the Company’s customer and contractual relationships intangible assets and internal-use software intangible assets are approximately 9.1 years and 3.6 years, respectively.