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Acquisitions, Intangible Assets and Goodwill (Tables)
12 Months Ended
Dec. 31, 2019
Schedule of Intangible Assets, net

As of December 31, 2019 and 2018, capitalized internal-use software consisted of the following:

 

(in thousands)

 

December 31, 2019

 

 

December 31, 2018

 

Gross capitalized internal-use software

 

$

61,130

 

 

$

109,133

 

Less: Accumulated amortization

 

 

(27,974

)

 

 

(75,853

)

Capitalized internal use software, net

 

$

33,156

 

 

$

33,280

 

As of December 31, 2019 and 2018, intangible assets, net consisted of the following:

 

 

 

December 31, 2019

 

 

December 31, 2018

 

(in thousands)

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

Customer relationships

 

$

25,594

 

 

$

(9,712

)

 

$

15,882

 

 

$

47,696

 

 

$

(42,410

)

 

$

5,286

 

Trade name

 

 

2,711

 

 

 

(763

)

 

 

1,948

 

 

 

6,072

 

 

 

(5,796

)

 

 

276

 

Developed technology

 

 

27,547

 

 

 

(12,227

)

 

 

15,320

 

 

 

22,007

 

 

 

(18,245

)

 

 

3,762

 

Acquisition intangible assets, net

 

$

55,852

 

 

$

(22,702

)

 

$

33,150

 

 

$

75,775

 

 

$

(66,451

)

 

$

9,324

 

Summary of Future Amortization Expense

As of December 31, 2019, future amortization expense by year is expected to be as follows:

 

(in thousands)

 

Capitalized

internal-use

software, net

 

 

Acquisition

intangible

assets, net

 

2020

 

$

11,477

 

 

$

12,534

 

2021

 

 

6,642

 

 

 

9,862

 

2022

 

 

2,655

 

 

 

4,995

 

2023

 

 

 

 

 

1,906

 

2024

 

 

 

 

 

1,664

 

Thereafter

 

 

 

 

 

2,189

 

Total amortization expense

 

$

20,774

 

 

$

33,150

 

 

Schedule of Carrying Amount of Goodwill, Net

The changes in the carrying amount of goodwill, net were as follows (in thousands):

 

Balance as of December 31, 2017

 

$

336,861

 

Balance as of December 31, 2018

 

 

336,861

 

Additions

 

 

125,981

 

Foreign currency translation

 

 

85

 

Balance as of December 31, 2019

 

$

462,927

 

GetFeedback, Inc  
Schedule of Preliminarily Allocated Purchase Price of Assets and Liability

The major classes of assets and liabilities to which the Company has preliminarily allocated the purchase price were as follows (in thousands):

 

Cash and cash equivalents

 

$

678

 

Accounts receivable, net

 

 

1,303

 

Property and equipment, net

 

 

228

 

Operating lease right-of-use assets

 

 

3,053

 

Intangible assets

 

 

17,700

 

Goodwill

 

 

53,904

 

Accrued compensation

 

 

(425

)

Deferred revenue

 

 

(3,866

)

Operating lease liabilities

 

 

(3,053

)

Deferred tax liabilities

 

 

(1,123

)

Other assets and liabilities, net

 

 

(144

)

Total purchase price

 

$

68,255

 

Schedule of Fair Value and Useful Lives of Identifiable Intangible Assets Acquired

The following table sets forth the fair value and useful lives of the identifiable intangible assets acquired:

 

(in thousands)

 

Fair Value

 

 

Useful Life

Developed technology

 

$

5,900

 

 

3 years

Customer relationships

 

 

10,900

 

 

6 to 7 years

Trade name

 

 

900

 

 

5 years

Total intangible assets

 

$

17,700

 

 

 

Usabilla Holding B.V.  
Schedule of Preliminarily Allocated Purchase Price of Assets and Liability

The major classes of assets and liabilities to which the Company has preliminarily allocated the purchase price were as follows (in thousands):

 

Cash and cash equivalents

 

$

1,058

 

Accounts receivable, net

 

 

1,876

 

Property and equipment, net

 

 

770

 

Operating lease right-of-use assets

 

 

2,268

 

Intangible assets

 

 

15,136

 

Goodwill

 

 

72,077

 

Accrued compensation

 

 

(1,226

)

Deferred revenue

 

 

(4,541

)

Operating lease liabilities

 

 

(2,268

)

Deferred tax liabilities

 

 

(2,323

)

Other assets and liabilities, net

 

 

1,461

 

Total purchase price

 

$

84,288

 

Schedule of Fair Value and Useful Lives of Identifiable Intangible Assets Acquired

The following table sets forth the fair value and useful lives of the identifiable intangible assets acquired:

 

(in thousands)

 

Fair Value

 

 

Useful Life

Developed technology

 

$

11,036

 

 

3 years

Customer relationships

 

 

2,890

 

 

3 years

Trade name

 

 

1,210

 

 

5 years

Total intangible assets

 

$

15,136