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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Activity in Goodwill

The following table summarizes the activity in goodwill (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 remaining holdback shares

 

 

(340

)

 

 

 

 

 

(340

)

Measurement period adjustments

 

 

27

 

 

 

64

 

 

 

91

 

Currency translation adjustment

 

 

28

 

 

 

 

 

 

28

 

Balance at December 31, 2019

 

$

6,684

 

 

$

3,554

 

 

$

10,238

 

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 December 31, 2019

 

$

763

 

 

$

9,109

 

 

$

15,763

 

 

$

25,635

 

Accumulated amortization

 

 

(229

)

 

 

(4,873

)

 

 

(10,429

)

 

 

(15,531

)

Intangible assets, net at December 31, 2019

 

$

534

 

 

$

4,236

 

 

$

5,334

 

 

$

10,104

 

Amortization Expense Included in Condensed Consolidated Statements of Operations

The following table illustrates the amortization expense included in the consolidated statements of operations for the years ended December 31, 2019 and 2018 (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

Cost of revenue

 

$

896

 

 

$

721

 

Selling and marketing

 

 

1,676

 

 

 

1,364

 

Total

 

$

2,572

 

 

$

2,085

 

Estimated Future Amortization Expense of Purchased Intangible Assets with Definite Lives

The estimated annual future amortization expense for purchased intangible assets with definite lives over the next five years is as follows (in thousands):

 

2020

 

$

2,571

 

2021

 

 

1,116

 

2022

 

 

1,116

 

2023

 

 

1,039

 

2024

 

 

963

 

Thereafter

 

 

3,299

 

Total

 

$

10,104