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Goodwill and Net intangibles, Net (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Net Intangibles, Net  
Schedule of changes in goodwill

Changes in goodwill were as follows (As restated):

 

 

 

 

 

 

    

Goodwill

Balance at December 31, 2017

 

$

 —

Business acquisition

 

 

101,375

Balance at December 31, 2018

 

$

101,375

Business acquisition

 

 

37,821

Impairment

 

 

(129,097)

Balance at December 31, 2019

 

$

10,099

 

Schedule of net intangibles

Net intangibles consisted of the following amortizing intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2019

 

As of December 31, 2018

 

 

Gross

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

 

Carrying

 

Accumulated

 

 

 

 

 

 

 

Carrying

 

Accumulated

 

 

 

 

 

 

 

 

Amount

 

Amortization

 

Impairment

 

Total

 

Amount

 

Amortization

 

Impairment

 

Total

Technology

    

$

25,971

    

$

(4,102)

    

$

(15,369)

    

$

6,500

    

$

20,720

    

$

(859)

 

$

 —

    

$

19,861

Customer relationships

 

 

25,066

 

 

(2,192)

 

 

(14,803)

 

 

8,071

 

 

16,800

 

 

(233)

 

 

 —

 

 

16,567

Trade names

 

 

3,374

 

 

(725)

 

 

(1,720)

 

 

929

 

 

3,400

 

 

(170)

 

 

 —

 

 

3,230

Net intangibles

 

$

54,411

 

$

(7,019)

 

$

(31,892)

 

$

15,500

 

$

40,920

 

$

(1,262)

 

$

 —

 

$

39,658

 

Schedule of impairment charges related to finite lived intangible assets

Impairment charges related to finite lived intangible assets during the year ended December 31, 2019 were $31,892. There were no impairment charges for the year ended December 31, 2018. The 2019 impairment charge by type of intangible asset was as follows:

 

 

 

 

 

 

 

 

    

 

 

    

Original useful 

 

 

Impairment charge

 

life (years)

 

 

 

 

 

Technology

 

$

15.369

 

6-8

Customer relationships

 

 

14,803

 

11-18

Trade names

 

 

1,720

 

3-5

Total impairment charge

 

$

31,892

 

  

 

Schedule of estimated annual amortization expense related to finite-lived intangible assets

The estimated annual amortization expense related to finite-lived intangible assets as of December 31, 2019, is as follows:

 

 

 

 

 

Year Ended December 31,

    

Amortization

2020

 

$

2,606

2021

 

 

2,606

2022

 

 

2,556

2023

 

 

2,556

2024

 

 

2,556

2025 and thereafter

 

 

2,620

 

 

$

15,500