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Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2017
Intangible assets

Intangible assets consisted of the following at March 31, 2017 (in thousands):

 

     Gross Carrying
Amount
     Accumulated
Amortization
     Weighted
Average
Useful Life
(in years)
 

Technology – developed

   $ 12,949      $ (1,685      17  

Patents

     240        (215      8  

Customer relationships

     22,697        (5,525      11  

Trademark

     711        —          —    

Other intangibles

     85        (35      2  
  

 

 

    

 

 

    

 

 

 

Total intangible assets

   $ 36,682      $ (7,460      13  
  

 

 

    

 

 

    

Intangible assets consisted of the following at December 31, 2016 (in thousands):

 

     Gross Carrying
Amount
     Accumulated
Amortization
     Weighted
Average
Useful Life
(in years)
 

Technology – developed

   $ 12,911      $ (1,468      17  

Patents

     240        (208      8  

Customer relationships

     22,555        (4,995      11  

Trademark/ tradename

     711        —          —    

Other intangibles

     84        (24      2  
  

 

 

    

 

 

    

 

 

 

Total intangible assets

   $ 36,501      $ (6,695      13  
  

 

 

    

 

 

    

Schedule of Amortization Expense for Amortized Intangible Assets

As of March 31, 2017, the Company expects to record amortization expense as follows (in thousands):

 

Years Ending

   Amortization Expense  

December 31, 2017 (nine months remaining)

     2,265  

December 31, 2018

     2,832  

December 31, 2019

     2,799  

December 31, 2020

     2,494  

December 31, 2021

     2,190