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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2019
Summary of Gross Carrying Amount and Accumulated Amortization for Intangible Assets Resulting from Acquisitions

The following table summarizes the gross carrying amount and accumulated amortization for intangible assets resulting from acquisitions (in thousands):

 

 

 

 

 

 

 

Developed

 

 

Customer

 

 

 

 

 

 

 

Trademarks

 

 

Technology

 

 

Relationships

 

 

Total

 

Amortization period (in years)

 

5

 

 

10 – 12

 

 

4 – 12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount at December 31, 2018

 

$

600

 

 

$

8,300

 

 

$

15,039

 

 

$

23,939

 

Accumulated amortization

 

 

(77

)

 

 

(3,978

)

 

 

(8,904

)

 

 

(12,959

)

Intangible assets, net at December 31, 2018

 

$

523

 

 

$

4,322

 

 

$

6,135

 

 

$

10,980

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount at June 30, 2019

 

$

762

 

 

$

9,106

 

 

$

15,754

 

 

$

25,622

 

Accumulated amortization

 

 

(152

)

 

 

(4,426

)

 

 

(9,666

)

 

 

(14,244

)

Intangible assets, net at June 30, 2019

 

$

610

 

 

$

4,680

 

 

$

6,088

 

 

$

11,378

 

Amortization Expense Included in Condensed Consolidated Statements of Operations

The following table illustrates the amortization expense included in the condensed consolidated statements of operations for the three and six months ended June 30, 2019 and 2018, respectively (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Cost of revenue

 

$

224

 

 

$

187

 

 

$

445

 

 

$

336

 

Selling and marketing

 

 

419

 

 

 

345

 

 

 

838

 

 

 

643

 

Total

 

$

643

 

 

$

532

 

 

$

1,283

 

 

$

979

 

 

Estimated Future Amortization Expense of Purchased Intangible Assets with Definite Lives

The estimated annual future amortization expense for purchased intangible assets with definite lives as of June 30, 2019 was as follows (in thousands):

 

2019 (remaining six months)

 

$

1,285

 

2020

 

 

2,569

 

2021

 

 

1,114

 

2022

 

 

1,114

 

2023

 

 

1,038

 

Thereafter

 

 

4,258

 

Total

 

$

11,378

 

3VR, Thursby and Viscount  
Summary of Carrying Amount of Goodwill Resulting from Acquisition of 3VR, Thursby, and Viscount

The following table summarizes the carrying amount of goodwill resulting from the acquisitions of 3VR, Thursby, and Viscount (in thousands):

 

 

 

Premises

 

 

Identity

 

 

Total

 

Balance at December 31, 2018

 

$

5,796

 

 

$

3,490

 

 

$

9,286

 

Acquisition of business

 

 

1,173

 

 

 

 

 

 

1,173

 

Cancellation of holdback shares in connection with acquisition

 

 

(340

)

 

 

 

 

 

(340

)

Currency translation adjustment

 

 

19

 

 

 

 

 

 

19

 

Balance at June 30, 2019

 

$

6,648

 

 

$

3,490

 

 

$

10,138