XML 69 R31.htm IDEA: XBRL DOCUMENT v3.19.3
Goodwill and Intangible Assets, Net (Tables)
9 Months Ended
Sep. 30, 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):

 

 

 

 

 

 

Balance at December 31, 2018

 

$

48,382

 

Foreign currency translation

 

 

(1,018

)

Increase due to acquisitions

 

 

43,342

 

Balance at September 30, 2019

 

$

90,706

 

 

Schedule of Intangible Assets

Intangible assets consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

As of September 30, 2019

 

 

 

Gross

carrying

amount

 

 

Weighted

average life

(years)

 

Accumulated

amortization

 

 

Net

carrying

amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

9,436

 

 

3.00

 

$

(3,412

)

 

$

6,024

 

Tradenames

 

 

11,452

 

 

3.48

 

 

(1,940

)

 

 

9,512

 

Non-compete

 

 

240

 

 

2.00

 

 

(240

)

 

 

 

Customer relationships

 

 

63,119

 

 

6.84

 

 

(8,031

)

 

 

55,088

 

Total intangible assets

 

$

84,247

 

 

 

 

$

(13,623

)

 

$

70,624

 

 

 

 

 

 

 

 

 

 

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 September 30, 2019, for each of the next five years and thereafter is as follows (in thousands):

 

 

 

 

 

 

2019 (for the remaining three months)

 

$

4,015

 

2020

 

 

14,786

 

2021

 

 

14,410

 

2022

 

 

11,200

 

2023

 

 

8,367

 

Thereafter

 

 

17,846

 

 

 

$

70,624