GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

7. GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

The following table presents the changes in the carrying amount of goodwill:

(in thousands)	2018			2017
Balance as of January 1,	$	72,952		$	73,164
Purchase price adjustments to goodwill	—			(354		)
Translation adjustments	(94		)	142
Balance as of December 31,	$	72,858		$	72,952

As discussed in "Note 8. Segment Information" the Company operates in one operating segment and has one reporting unit.

Intangibles

Intangible assets are recorded at cost and amortized using the straight-line method over their estimated useful lives as follows:

		December 31, 2018
(in thousands)	Useful Lives	Cost		Accumulated Amortization			Net Book Value (1)
Client-related intangibles	4-10 years	$	63,115	$	(51,224	)	$	11,891
Technology	2-10 years	59,742		(50,398		)	9,344
Other	1 - 5 years	5,361		(5,361		)	—
		$	128,218	$	(106,983	)	$	21,235

⁽¹⁾ Included in other long-term assets.

		December 31, 2017
(in thousands)	Useful Lives	Cost		Accumulated Amortization			Net Book Value (1)
Client-related intangibles	4-10 years	$	63,164	$	(44,835	)	$	18,329
Technology	3-10 years	58,942		(45,372		)	13,570
Other	1 - 5 years	5,361		(5,361		)	—
		$	127,467	$	(95,568	)	$	31,899

⁽¹⁾ Included in other long-term assets.

Intangibles amortization was reflected in the Company’s consolidated statements of operations as follows:

(in thousands)	2018		2017		2016
Cost of revenue	$	5,027	$	5,103	$	5,986
Selling and marketing	6,416		7,235		7,145
General and administrative	—		—		277
	$	11,443	$	12,338	$	13,408

Future estimated amortization expense related to intangible assets:

(in thousands)	December 31, 2018
2019	$	5,946
2020	2,950
2021	2,627
2022	2,537
2023 and thereafter	7,175
	$	21,235