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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2018
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, 2017

 

$

31,328

 

Foreign currency translation

 

 

(1,174

)

Increase due to acquisitions

 

 

22,894

 

Balance at June 30, 2018

 

$

53,048

 

 

Schedule of Intangible Assets

Intangible assets consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

As of  June 30, 2018

 

 

 

Gross

carrying

amount

 

 

Weighted

average life

(years)

 

Accumulated

amortization

 

 

Net

carrying

amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

5,739

 

 

3.03

 

$

(2,620

)

 

$

3,119

 

Tradenames

 

 

3,231

 

 

4.43

 

 

(1,057

)

 

 

2,174

 

Non-compete

 

 

240

 

 

2.00

 

 

(170

)

 

 

70

 

Customer relationships

 

 

23,864

 

 

5.00

 

 

(5,385

)

 

 

18,479

 

Total intangible assets

 

$

33,074

 

 

 

 

$

(9,232

)

 

$

23,842

 

 

 

 

 

 

 

 

 

 

As of December 31, 2017

 

 

 

Gross

carrying

amount

 

 

Weighted

average life

(years)

 

Accumulated

amortization

 

 

Net

carrying

amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

4,065

 

 

3.04

 

$

(2,017

)

 

$

2,048

 

Tradenames

 

 

2,495

 

 

5.18

 

 

(701

)

 

 

1,794

 

Non-compete

 

 

240

 

 

2.00

 

 

(110

)

 

 

130

 

Customer relationships

 

 

8,556

 

 

5.00

 

 

(3,894

)

 

 

4,662

 

Total intangible assets

 

$

15,356

 

 

 

 

$

(6,722

)

 

$

8,634

 

 

Schedule of Expected Amortization of Intangible Assets

The expected amortization of the intangible assets, as of June 30, 2018, for each of the next five years and thereafter is as follows (in thousands):

 

 

 

Amounts

 

2018 (for the remaining six months)

 

$

3,760

 

2019

 

 

6,413

 

2020

 

 

5,028

 

2021

 

 

4,541

 

2022 and thereafter

 

 

4,100

 

 

 

$

23,842