Goodwill and Intangible Assets, Net

3 Months Ended

Mar. 31, 2016

6.Goodwill and Intangible Assets, Net

Goodwill

The Company’s goodwill balance as of March 31, 2016 was $26,361. As of March 31, 2016, there were no accumulated impairment losses. Goodwill has been assigned to the Company’s single reporting unit, which is the single operating segment by which the chief operating decision maker manages the Company.

Intangibles

Intangible assets, net of accumulated amortization is as follows:



	March 31, 2016		December 31, 2015
Intangible assets (excluding IPR&D)	$	6,878	$	6,878
Less: accumulated amortization—intangible assets		(667)		(468)
Intangible assets, net (excluding IPR&D)	$	6,211	$	6,410

Amortization expense, which is included within research and development expense in the consolidated statements of operations and comprehensive loss, was $199 for the three months ended March 31, 2016 and $57 for the three months ended March 31, 2015. The weighted average amortization period for intangible assets is 11.6 years.

The estimated aggregate amortization of intangible assets as of March 31, 2016, for each of the five succeeding years and thereafter is as follows:


	March 31, 2016

April 1, 2016 - December 31, 2016	$	558
2017		757
2018		757
2019		757
2020		757
2021 and thereafter		2,625
Total	$	6,211

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details