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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2020
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 as of December 31, 2019

 

$

6,684

 

 

$

3,554

 

 

$

10,238

 

Currency translation adjustment

 

 

(34

)

 

 

 

 

 

(34

)

Balance as of September 30, 2020

 

$

6,650

 

 

$

3,554

 

 

$

10,204

 

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 as of September 30, 2020

 

$

758

 

 

$

9,089

 

 

$

15,739

 

 

$

25,586

 

Accumulated amortization

 

 

(342

)

 

 

(5,542

)

 

 

(11,564

)

 

 

(17,448

)

Intangible assets, net as of September 30, 2020

 

$

416

 

 

$

3,547

 

 

$

4,175

 

 

$

8,138

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount as of December 31, 2019

 

$

763

 

 

$

9,109

 

 

$

15,763

 

 

$

25,635

 

Accumulated amortization

 

 

(229

)

 

 

(4,873

)

 

 

(10,429

)

 

 

(15,531

)

Intangible assets, net as of 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 condensed consolidated statements of operations for the three and nine months ended September 30, 2020 and 2019, respectively (in thousands):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Cost of revenue

 

$

223

 

 

$

224

 

 

$

669

 

 

$

672

 

Selling and marketing

 

 

419

 

 

 

418

 

 

 

1,254

 

 

 

1,253

 

Total

 

$

642

 

 

$

642

 

 

$

1,923

 

 

$

1,925

 

 

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 September 30, 2020 was as follows (in thousands):

 

2020 (remaining three months)

 

$

644

 

2021

 

 

1,111

 

2022

 

 

1,111

 

2023

 

 

1,034

 

2024

 

 

959

 

Thereafter

 

 

3,279

 

Total

 

$

8,138