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GOODWILL AND INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
GOODWILL AND INTANGIBLE ASSETS
The Company’s goodwill is the result of its acquisitions of other businesses, and represents the excess of purchase consideration over the fair value of assets and liabilities acquired. The Company performed its annual goodwill impairment analysis during the three months ended September 30, 2018 and concluded that goodwill was not impaired, as the fair value of each reporting unit exceeded its carrying value.
The changes in carrying amount of goodwill during the nine months ended September 30, 2018 were as follows (in thousands):
Balance as of December 31, 2017
$
107,954

Effect of foreign currency translation
(1,631
)
Balance as of September 30, 2018
$
106,323


Intangible assets at September 30, 2018 and December 31, 2017 consisted of the following (dollars in thousands):
 
September 30, 2018
 
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Weighted Average Remaining Life
Business relationships
$
9,918

 
$
(1,625
)
 
$
8,293

 
9.7
years
Developed technology
7,832

 
(3,189
)
 
4,643

 
3.4
years
Content
3,912

 
(3,681
)
 
231

 
1.0
years
Domains and data licenses
2,869

 
(2,231
)
 
638

 
1.6
years
Trademarks
877

 
(506
)
 
371

 
1.4
years
User relationships
146

 
(80
)
 
66

 
1.5
years
Total
$
25,554

 
$
(11,312
)
 
$
14,242

 
 
 
 
December 31, 2017
 
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Weighted Average Remaining Life
Business relationships
$
9,918

 
$
(896
)
 
$
9,022

 
10.3
years
Developed technology
7,832

 
(2,071
)
 
5,761

 
4.1
years
Content
4,005

 
(3,610
)
 
395

 
1.8
years
Domain and data licenses
2,869

 
(1,847
)
 
1,022

 
2.2
years
Trademarks
877

 
(287
)
 
590

 
2.2
years
User relationships
146

 
(43
)
 
103

 
2.2
years
Total
$
25,647

 
$
(8,754
)
 
$
16,893

 
 
 

Amortization expense was $0.9 million and $1.4 million for the three months ended September 30, 2018 and 2017, respectively, and $2.7 million and $5.7 million for the nine months ended September 30, 2018 and 2017, respectively. As of September 30, 2018, the estimated future amortization of purchased intangible assets for (i) the remaining three months of 2018, (ii) each of the succeeding four years, and (iii) thereafter is as follows (in thousands):
Year Ending December 31,
 
Amount
2018 (from October 1, 2018)
 
$
882

2019
 
3,277

2020
 
2,402

2021
 
2,262

2022
 
1,045

Thereafter
 
4,374

Total amortization
 
$
14,242