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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Gross Carrying Amount of Goodwill

The following table displays the changes in the gross carrying amount of goodwill (in thousands):

 

 

Amount

 

Balance at December 31, 2016

 

$

9,676

 

Foreign currency translation

 

 

180

 

IDV acquisition

 

 

21,196

 

Balance at June 30, 2017

 

$

31,052

 

 

Schedule of Intangible Assets

Intangible assets consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

As of June 30, 2017

 

 

 

Gross

carrying

amount

 

 

Weighted

average life

(years)

 

Accumulated

amortization

 

 

Net

carrying

amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

4,035

 

 

2.79

 

$

(1,415

)

 

$

2,620

 

Trade names and patents

 

 

2,487

 

 

5.05

 

 

(462

)

 

 

2,025

 

Customer relationships

 

 

8,407

 

 

2.47

 

 

(2,954

)

 

 

5,453

 

Non-compete arrangement

 

 

240

 

 

1.58

 

 

(50

)

 

 

190

 

Total intangible assets

 

$

15,169

 

 

 

 

$

(4,881

)

 

$

10,288

 

 

 

 

 

 

 

 

 

 

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

 

Trade names and patents

 

 

883

 

 

6.08

 

 

(254

)

 

 

629

 

Customer relationships

 

 

4,779

 

 

5.00

 

 

(2,080

)

 

 

2,699

 

Total intangible assets

 

$

7,152

 

 

 

 

$

(3,212

)

 

$

3,940

 

 

Schedule of Expected Amortization of Intangible Assets

The expected amortization of the intangible assets, as of June 30, 2017, for each of the next five years and thereafter is as follows (in thousands):

 

 

 

Amounts

 

2017 (for the remaining six months)

 

$

1,721

 

2018

 

 

3,269

 

2019

 

 

2,582

 

2020

 

 

1,350

 

2021

 

 

1,234

 

2022 and thereafter

 

 

132

 

 

 

$

10,288