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Goodwill and Intangible Assets, Net
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net
Goodwill and Intangible Assets, Net

The changes in goodwill by reportable segment are outlined below (in thousands):
 
Alarm.com
 
Other
 
Total
Balance as of January 1, 2017
$
24,723

 
$

 
$
24,723

Goodwill acquired
38,868

 

 
38,868

Balance as of December 31, 2017
63,591

 

 
63,591

Goodwill acquired

 

 

Balance as of December 31, 2018
$
63,591

 
$

 
$
63,591



On January 1, 2017, we acquired ObjectVideo Labs and recorded $2.3 million of goodwill in the Alarm.com segment. On March 8, 2017, in connection with the Acquisition, we recorded $36.6 million of goodwill in the Alarm.com segment. There were no impairments of goodwill recorded during the years ended December 31, 2018, 2017 or 2016. As of December 31, 2018, the accumulated balance of goodwill impairments was $4.8 million, which is related to our acquisition of EnergyHub in 2013.
 
The following table reflects changes in the net carrying amount of the components of intangible assets (in thousands):
 
Customer
Relationships
 
Developed
Technology
 
Trade Name
 
Total
Balance as of January 1, 2017
$
3,363

 
$
1,048

 
$
157

 
$
4,568

Intangible assets acquired
93,260

 
8,570

 
170

 
102,000

Amortization
(8,097
)
 
(4,086
)
 
(99
)
 
(12,282
)
Balance as of December 31, 2017
88,526

 
5,532

 
228

 
94,286

Amortization
(11,262
)
 
(3,854
)
 
(103
)
 
(15,219
)
Balance as of December 31, 2018
$
77,264

 
$
1,678

 
$
125

 
$
79,067



We recorded $15.2 million, $12.3 million and $1.8 million of amortization related to our intangible assets for the years ended December 31, 2018, 2017 and 2016, respectively. There were no impairments of long-lived assets during the years ended December 31, 2018, 2017 and 2016.

The following tables reflect the weighted-average remaining life and carrying value of finite-lived intangible assets (in thousands):
 
December 31, 2018
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Value
 
Weighted-
Average
Remaining Life
Customer relationships
$
103,926

 
$
(26,662
)
 
$
77,264

 
9.9

Developed technology
13,959

 
(12,281
)
 
1,678

 
2.1

Trade name
1,084

 
(959
)
 
125

 
2.4

Other
234

 
(234
)
 

 

Total intangible assets
$
119,203

 
$
(40,136
)
 
$
79,067

 
 
 
December 31, 2017
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Value
 
Weighted-
Average
Remaining Life
Customer relationships
$
103,926

 
$
(15,400
)
 
$
88,526

 
10.8

Developed technology
13,959

 
(8,427
)
 
5,532

 
2.1

Trade name
1,084

 
(856
)
 
228

 
3.3

Other
234

 
(234
)
 

 

Total intangible assets
$
119,203

 
$
(24,917
)
 
$
94,286

 
 


The following table reflects the future estimated amortization expense for intangible assets (in thousands):
    
Year Ended December 31,
 
Amortization
2019
 
$
13,644

2020
 
12,217

2021
 
11,062

2022
 
9,371

2023
 
7,842

2024 and thereafter
 
24,931

Total future amortization expense
 
$
79,067