XML 34 R14.htm IDEA: XBRL DOCUMENT v3.7.0.1
Intangible Assets
12 Months Ended
Dec. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

(8) Intangible Assets

Intangible assets consisted of the following finite lived intangible assets at December 31, 2016 and 2015 (in thousands):

 

 

 

 

 

 

 

 

 

As of December 31, 2016

 

 

 

Gross

carrying

amount

 

 

Weighted-average life (years)

 

Accumulated

amortization

 

 

Net

carrying

amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

1,490

 

 

3.60

 

$

(878

)

 

$

612

 

Tradenames

 

 

883

 

 

6.08

 

 

(254

)

 

 

629

 

Customer relationships

 

 

4,779

 

 

5.00

 

 

(2,080

)

 

 

2,699

 

Total intangible assets

 

$

7,152

 

 

 

 

$

(3,212

)

 

$

3,940

 

 

 

 

 

 

 

 

 

 

As of December 31, 2015

 

 

 

Gross

carrying

amount

 

 

Weighted-average life (years)

 

Accumulated

amortization

 

 

Net

carrying

amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

1,211

 

 

3.07

 

$

(763

)

 

$

448

 

Tradenames

 

 

582

 

 

5.55

 

 

(223

)

 

 

359

 

Customer relationships

 

 

4,941

 

 

5.00

 

 

(1,629

)

 

 

3,312

 

Total intangible assets

 

$

6,734

 

 

 

 

$

(2,615

)

 

$

4,119

 

 

Total amortization expense for the years ended December 31, 2016, 2015 and 2014 was $1.2 million, $1.5 million and $1.0 million, respectively. Amortization expense of tradenames and customer relationships is included within general and administrative expenses, while amortization of developed technology is included in cost of revenue. The Company recorded amortization expense attributed to developed technology of $0.2 million, $0.4 million and $0.2 million for the period ended December 31, 2016, 2015 and 2014, respectively.

The expected amortization of the intangible assets, as of December 31, 2016, for each of the next five years and thereafter is as follows:

 

 

 

(in thousands)

 

2017

 

$

1,392

 

2018

 

 

1,221

 

2019

 

 

772

 

2020

 

 

262

 

2021

 

 

263

 

Thereafter

 

 

30

 

 

 

$

3,940