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Goodwill and Intangible Assets, Net (Tables)
3 Months Ended
Mar. 31, 2019
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, 2018

 

$

48,382

 

Foreign currency translation

 

 

13

 

Payments made for acquisition

 

 

 

Balance at March 31, 2019

 

$

48,395

 

Schedule of Intangible Assets

Intangible assets consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

As of  March 31, 2019

 

 

 

Gross

carrying

amount

 

 

Weighted

average life

(years)

 

Accumulated

amortization

 

 

Net

carrying

amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

3,982

 

 

3.04

 

$

(2,453

)

 

$

1,529

 

Tradenames

 

 

2,546

 

 

4.51

 

 

(1,114

)

 

 

1,432

 

Customer relationships

 

 

23,842

 

 

6.39

 

 

(5,226

)

 

 

18,616

 

Total intangible assets

 

$

30,370

 

 

 

 

$

(8,793

)

 

$

21,577

 

 

 

 

 

 

 

 

 

 

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

 

Schedule of Expected Amortization of Intangible Assets

The expected amortization of the intangible assets, as of March 31, 2019, for each of the next five years and thereafter is as follows (in thousands):

 

 

 

Amounts

 

2019 (for the remaining nine months)

 

$

4,128

 

2020

 

 

4,411

 

2021

 

 

4,079

 

2022

 

 

2,847

 

2023

 

 

2,703

 

2024 and thereafter

 

 

3,409

 

 

 

$

21,577