Goodwill and Other Identifiable Intangible Assets

12 Months Ended

Dec. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Other Identifiable Intangible Assets

4. Goodwill and other identifiable intangible assets

Goodwill

The changes in the carrying amount of goodwill for the years ended December 31, 2020 and 2019 were as follows:

(amounts in thousands)
Balance as of December 31, 2018	$	2,257
Translation adjustment		(45	)
Acquisition		30,742
Balance as of December 31, 2019	$	32,954
Translation adjustment		211
Balance as of December 31, 2020	$	33,165

As of December 31, 2020, the Company had no accumulated impairment losses related to goodwill.

Intangible assets

There were no accumulated impairment losses related to the Company’s intangible assets as of December 31, 2020. Amortization expense for intangible assets for the years ended December 31, 2020, 2019 and 2018 were as follows:

	Years ended December 31,
(amounts in thousands)	2020		2019		2018
Research and development expense	$	7,800	$	2,914	$	—
Sales and marketing expense		204		175		144
General and administrative expense		1,000		1,071		1,121
Total	$	9,004	$	4,160	$	1,265

The following tables represent the changes in net carrying values of the intangibles as of the respective dates:

	Average
	estimated	Gross
(amounts in thousands)	useful lives	carrying		Accumulated
December 31, 2020	(in years)	amount		amortization		Net amount
Technology	10	$	77,700	$	10,684	$	67,016
Licenses	10		185		174		11
Patents and websites	5		4,488		3,015		1,473
Customer relationships	4		1,474		1,351		123
Commercials	2-3		733		559		174
Total		$	84,580	$	15,783	$	68,797
	Average
	estimated	Gross
(amounts in thousands)	useful lives	carrying		Accumulated
December 31, 2019	(in years)	amount		amortization		Net amount
Technology	10	$	77,700	$	2,914	$	74,786
Licenses	10		185		165		20
Patents and websites	5		4,274		2,308		1,966
Customer relationships	4		1,346		897		449
Commercials	2-3		777		465		312
Total		$	84,282	$	6,749	$	77,533

Annual estimated amortization expense for each of the succeeding fiscal years is as follows:

	December 31,
(amounts in thousands)	2020
2021	$	8,746
2022		8,423
2023		7,847
2024		7,831
2025		7,784
Thereafter		28,166
Total	$	68,797