Goodwill and Intangible Assets, Net

3 Months Ended

Mar. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

(7) Goodwill and Intangible Assets, Net

The following table displays the changes in the gross carrying amount of goodwill (in thousands):


Balance at December 31, 2019	$	91,421
Foreign currency translation		(3,863	)
Increase due to acquisitions		54,169
Balance at March 31, 2020	$	141,727

There were no impairments recorded against goodwill during the three months ended March 31, 2020 and for the year ended December 31, 2019.

Intangible assets consisted of the following (in thousands):

				As of March 31, 2020
	Gross carrying amount		Weighted average life (years)	Accumulated amortization			Net carrying amount
Amortizable intangible assets:
Developed technology	$	13,588	3.00	$	(4,858	)	$	8,730
Tradenames		13,692	3.54		(3,651	)		10,041
Customer relationships		77,433	7.00		(12,335	)		65,098
Total intangible assets	$	104,713		$	(20,844	)	$	83,869

					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

Amortization expense for intangible assets was $4.1 million and $1.6 million for the three months ended March 31, 2020 and 2019, respectively. The Company recorded amortization expense attributed to developed technology within cost of revenue of $0.7 million and $0.3 million for the three months ended March 31, 2020 and 2019, respectively.

The expected amortization of the intangible assets, as of March 31, 2020, for each of the next five years and thereafter is as follows (in thousands):


2020 (for the remaining nine months)	$	13,951
2021		18,376
2022		15,178
2023		11,017
2024		10,294
Thereafter		15,053
	$	83,869