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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 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):

 

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

 

Change due to acquisitions

 

 

43,302

 

Foreign currency translation

 

 

(263

)

Balance at December 31, 2019

 

$

91,421

 

Schedule of Intangible Assets

Intangible assets consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2019

 

 

 

Gross

carrying

amount

 

 

Weighted-

average life

(years)

 

 

Accumulated

amortization

 

 

Net

carrying

amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

9,485

 

 

 

3.00

 

 

$

(4,232

)

 

$

5,253

 

Tradenames

 

 

11,437

 

 

 

3.50

 

 

 

(2,724

)

 

 

8,713

 

Customer relationships

 

 

63,667

 

 

 

6.84

 

 

 

(10,533

)

 

 

53,134

 

Total intangible assets

 

$

84,589

 

 

 

 

 

 

$

(17,489

)

 

$

67,100

 

 

 

 

 

 

 

 

 

 

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 December 31, 2019, for each of the next five years and thereafter is as follows (in thousands):

 

2020

 

$

14,893

 

2021

 

 

14,510

 

2022

 

 

11,290

 

2023

 

 

8,469

 

2024

 

 

8,366

 

Thereafter

 

 

9,572

 

 

 

$

67,100