XML 52 R32.htm IDEA: XBRL DOCUMENT v3.20.4
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
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

 

Change due to acquisitions

 

 

43,302

 

Foreign currency translation

 

 

(263

)

Balance at December 31, 2019

 

 

91,421

 

Change due to acquisitions

 

 

89,033

 

Foreign currency translation

 

 

6,957

 

Balance at December 31, 2020

 

$

187,411

 

Schedule of Intangible Assets

Intangible assets consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2020

 

 

 

Gross

carrying

amount

 

 

Weighted-

average life

(years)

 

 

Accumulated

amortization

 

 

Net

carrying

amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

31,851

 

 

 

3.54

 

 

$

(5,322

)

 

$

26,529

 

Tradenames

 

 

15,360

 

 

 

3.52

 

 

 

(6,638

)

 

 

8,722

 

Customer relationships

 

 

100,590

 

 

 

7.41

 

 

 

(22,079

)

 

 

78,511

 

Total intangible assets

 

$

147,801

 

 

 

 

 

 

$

(34,039

)

 

$

113,762

 

 

 

 

 

 

 

 

 

 

 

 

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

 

Schedule of Expected Amortization of Intangible Assets

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

 

2021

 

$

27,387

 

2022

 

 

24,219

 

2023

 

 

19,165

 

2024

 

 

17,443

 

2025

 

 

11,040

 

Thereafter

 

 

14,508

 

 

 

$

113,762