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Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Gross Carrying Amount and Accumulated Amortization for Intangible Assets Intangible Assets

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

 

 

 

March 31, 2020

 

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

 

Weighted

Average

Amortization

Period

(Years)

 

Media service rights

 

$

34,684

 

 

$

(18,426

)

 

$

16,258

 

 

 

2.0

 

Promotion service rights

 

 

30,548

 

 

 

(12,104

)

 

 

18,444

 

 

 

3.4

 

Developed technologies

 

 

27,170

 

 

 

(14,419

)

 

 

12,751

 

 

 

3.0

 

Customer relationships

 

 

22,690

 

 

 

(13,266

)

 

 

9,424

 

 

 

3.1

 

Data access rights

 

 

10,801

 

 

 

(6,885

)

 

 

3,916

 

 

 

2.0

 

Domain names

 

 

5,948

 

 

 

(5,557

)

 

 

391

 

 

 

0.6

 

Trade names

 

 

2,823

 

 

 

(1,724

)

 

 

1,099

 

 

 

2.0

 

Vendor relationships

 

 

2,510

 

 

 

(2,375

)

 

 

135

 

 

 

0.2

 

Patents

 

 

975

 

 

 

(882

)

 

 

93

 

 

 

2.6

 

Registered users

 

 

420

 

 

 

(420

)

 

 

 

 

 

0.0

 

 

 

$

138,569

 

 

$

(76,058

)

 

$

62,511

 

 

 

2.8

 

 

 

 

December 31, 2019

 

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

 

Weighted

Average

Amortization

Period

(Years)

 

Media service rights

 

$

34,684

 

 

$

(16,098

)

 

$

18,586

 

 

 

2.2

 

Promotion service rights

 

 

30,548

 

 

 

(10,682

)

 

 

19,866

 

 

 

3.6

 

Developed technologies

 

 

27,170

 

 

 

(12,790

)

 

 

14,380

 

 

 

3.2

 

Customer relationships

 

 

22,690

 

 

 

(12,267

)

 

 

10,423

 

 

 

3.3

 

Data access rights

 

 

10,801

 

 

 

(6,415

)

 

 

4,386

 

 

 

2.3

 

Domain names

 

 

5,948

 

 

 

(5,540

)

 

 

408

 

 

 

0.8

 

Trade names

 

 

2,823

 

 

 

(1,560

)

 

 

1,263

 

 

 

2.2

 

Vendor relationships

 

 

2,510

 

 

 

(2,172

)

 

 

338

 

 

 

0.4

 

Patents

 

 

975

 

 

 

(873

)

 

 

102

 

 

 

2.8

 

Registered users

 

 

420

 

 

 

(420

)

 

 

 

 

 

0.0

 

 

 

$

138,569

 

 

$

(68,817

)

 

$

69,752

 

 

 

3.0

 

 

Estimated Amortization of Intangible Assets Estimated future amortization expense related to intangible assets as of March 31, 2020 is as follows (in thousands):

 

Total

 

2020, remaining nine months

$

20,288

 

2021

 

21,001

 

2022

 

13,419

 

2023

 

6,642

 

2024

 

809

 

2025 and beyond

 

 

Total estimated amortization expense

$

62,159

 

 

As of March 31, 2020, the Company performed an analysis of the impact of recent events, including business and market disruption caused by COVID-19, on the fair values of its intangible assets. The Company did not identify any indicators of impairment that required an interim impairment test. While the intangible assets are not currently impaired there can be no assurances that intangible assets will not be impaired in future periods. The Company will continue to monitor the operating results, cash flow forecasts and challenges from declines in current market conditions, as well as impacts of COVID-19 for these intangible assets.