Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2018

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

(7) Goodwill and Intangible Assets

Goodwill was $48.4 million and $31.3 million as of December 31, 2018 and 2017, respectively. There were no impairments recorded against goodwill in 2018, 2017 or 2016. The following table displays the changes in the gross carrying amount of goodwill (in thousands):

	Amount
Balance at December 31, 2016	$	9,676
IDV acquisition		21,196
Foreign currency translation		456
Balance at December 31, 2017		31,328
Change due to acquisitions		19,699
Foreign currency translation		(2,645	)
Balance at December 31, 2018	$	48,382

Intangible assets consisted of the following finite lived intangible assets at December 31, 2018 and 2017 (in thousands):

				As of December 31, 2018
	Gross carrying amount		Weighted-average life (years)	Accumulated amortization			Net carrying amount
Amortizable intangible assets:
Developed technology	$	5,090	3.04	$	(3,225	)	$	1,865
Tradenames		3,193	4.51		(1,526	)		1,667
Non-compete		240	2.00		(230	)		10
Customer relationships		26,990	6.39		(7,335	)		19,655
Total intangible assets	$	35,513		$	(12,316	)	$	23,197

				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

Total amortization expense for the years ended December 31, 2018, 2017 and 2016 was $5.9 million, $3.3 million and $1.2 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 $1.3 million, $1.1 million and $0.2 million for the period ended December 31, 2018, 2017 and 2016, respectively.

The expected amortization of the intangible assets, as of December 31, 2018, for each of the next five years and thereafter is as follows:

	(in thousands)
2019	$	5,776
2020		4,411
2021		4,079
2022		2,841
2023		2,687
Thereafter		3,403
	$	23,197