Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of changes in carrying amount of goodwill

Changes in the carrying amount of goodwill consisted of the following (in thousands):


	Amount
Balance at December 31, 2016	$	16,809
Current period acquisitions		4,785
Foreign currency translation adjustment		199
Balance at June 30, 2017	$	21,793

Schedule of company's intangible assets and related accumulated amortization

The Company’s intangible assets and related accumulated amortization consisted of the following as of June 30, 2017 and December 31, 2016 (in thousands):


	June 30, 2017
		Gross Carrying		Accumulated
		Amount		Amortization		Net
Developed technology	$	18,169	$	(7,321)	$	10,848
Customer relationships		11,714		(1,838)		9,876
Trademark/trade name		6,776		(586)		6,190
Non-competition agreements		295		(225)		70
Total intangible assets	$	36,954	$	(9,970)	$	26,984

	December 31, 2016
	Gross Carrying		Accumulated
	Amount		Amortization		Net
Developed technology	$	16,618	$	(5,738)	$	10,880
Customer relationships		9,196		(1,160)		8,036
Trademark/trade name		4,410		(337)		4,073
Non-competition agreements		295		(164)		131
Total intangible assets	$	30,519	$	(7,399)	$	23,120

Schedule of amortization expense during the respective periods

The Company recorded amortization expense during the three and six month periods ended June 30, 2017 and 2016 for these intangible assets as follows (in thousands):


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
Cost of revenue	$	791	$	817	$	1,565	$	1,466
Research and development		47		50		95		90
Sales and marketing		483		371		891		616
Total amortization of intangible assets	$	1,321	$	1,238	$	2,551	$	2,172

Schedule of amortization of finite lived intangible assets

Amortization of finite lived intangible assets as of June 30, 2017 for the next five years is as follows (in thousands):


	Amount
2017	$	2,654
2018		5,113
2019		4,971
2020		3,972
2021		2,196
Thereafter		8,078
	$	26,984