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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets

The following table is the summary of Company’s intangible assets (in thousands):

 

 

As of December 31, 2019

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Weighted-Average Useful Lives

(in years)

 

Developed technology

 

$

62,367

 

 

$

(2,860

)

 

$

59,507

 

 

 

5.9

 

Customer relationships

 

 

13,400

 

 

 

(558

)

 

 

12,842

 

 

 

4.0

 

Tradename

 

 

400

 

 

 

(133

)

 

 

267

 

 

 

0.5

 

Patents

 

 

4,076

 

 

 

(24

)

 

 

4,052

 

 

 

14.0

 

Intangible assets

 

$

80,243

 

 

$

(3,575

)

 

$

76,668

 

 

 

 

 

 

 

 

As of December 31, 2018

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Weighted-Average Useful Lives

(in years)

 

Developed technology

 

$

2,215

 

 

$

(738

)

 

$

1,477

 

 

 

4.0

 

Intangible assets

 

$

2,215

 

 

$

(738

)

 

$

1,477

 

 

 

 

 

Schedule of Estimated Future Amortization Expense for Intangible Asset

The estimated future amortization expense for intangible asset for the next five years and thereafter is as follows (in thousands):

 

Year Ending December 31,

 

 

 

 

2020

 

$

14,487

 

2021

 

 

14,036

 

2022

 

 

13,666

 

2023

 

 

13,108

 

2024

 

 

10,316

 

Thereafter

 

 

11,055

 

Total

 

$

76,668