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Goodwill and intangible assets
12 Months Ended
Dec. 31, 2018
Goodwill and intangible assets  
Goodwill and intangible assets

8. Goodwill and intangible assets

Goodwill

The following table sets forth the changes in our goodwill balance, for all periods presented:

                                                                                                                                                                           

 

 

 

 

 

    

Goodwill

Balance, December 31, 2016 and December 31, 2017

 

$

42,403

Acquisition of Elauwit

 

 

17,237

Balance, December 31, 2018

 

$

59,640

 

Intangible assets

The following table sets forth the changes in our intangible assets balance, for all periods presented:

 

 

 

 

 

    

Intangible

 

 

Assets

Balance, December 31, 2016

 

$

13,783

Amortization expense

 

 

(3,520)

Balance, December 31, 2017

 

 

10,263

Additions

 

 

12,640

Amortization expense

 

 

(3,751)

Balance, December 31, 2018

 

$

19,152

 

Intangible assets at December 31, 2018 consist of the following:                                                                       

 

 

 

 

 

 

 

 

 

 

 

 

Historical

 

Accumulated

 

 

 

 

    

Cost

    

Amortization

    

Net

Venue contracts

 

$

20,530

 

$

(13,829)

 

$

6,701

Backlog

 

 

7,030

 

 

(586)

 

 

6,444

Customer and partner relationships

 

 

3,780

 

 

(206)

 

 

3,574

Non-compete agreements, technology and other

 

 

5,084

 

 

(2,651)

 

 

2,433

 

 

$

36,424

 

$

(17,272)

 

$

19,152

 

Intangible assets at December 31, 2017 consist of the following:                                                         

 

 

 

 

 

 

 

 

 

 

 

 

Historical

 

Accumulated

 

 

 

 

    

Cost

    

Amortization

    

Net

Venue contracts

 

$

22,061

 

$

(13,835)

 

$

8,226

Non-compete agreements, technology and other

 

 

6,844

 

 

(4,807)

 

 

2,037

 

 

$

28,905

 

$

(18,642)

 

$

10,263

 

The decrease in our intangible assets cost and accumulated amortization balances from 2017 to 2018 is primarily related to the write-off of venue contract intangible assets that have expired.

Amortization expense for fiscal years 2019 through 2023 and thereafter is as follows:

 

 

 

 

 

    

Amortization

Year

 

Expense

2019

 

$

4,435

2020

 

 

4,221

2021

 

 

3,494

2022

 

 

3,030

2023

 

 

1,863

Thereafter

 

 

2,109

 

 

$

19,152