Goodwill and Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in the carrying amount of goodwill

The changes in the carrying amount of goodwill as of December 31, 2019 and 2018, were as follows:


	2019		2018
Beginning balance as of January 1,	$	9,478	$	6,320
Acquisition-related goodwill	—		3,424


Foreign exchange impact	(75)		(266)
Ending balance as of December 31,	$	9,403	$	9,478

Schedule of acquisition-related intangible assets, net

Information regarding the Company’s acquisition-related intangible assets, net is as follows:


	December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships⁽¹⁾	$	4,729	$	(1,877)	$	2,852
Patent Fixed Asset⁽³⁾	40		—		40
Technology⁽²⁾	954		(298)		656
	$	5,723	(2,175)		3,548


	December 31, 2018
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships⁽¹⁾	$	4,797	$	(1,283)	$	3,514

Technology⁽²⁾	$	973	$	(108)	865
	$	5,770	$	(1,391)	$	4,379

(1) The decrease for the year ended December 31, 2019 was due to accumulated amortization for the year. The increase in gross carrying amount for customer relationships in December 31, 2018, was due to an increase of $2,900 relating to the acquisition of SlimCut, which was partially offset by a decrease of $291 from the foreign exchange impact for the same period. From the

same period accumulated amortization expense increased by $508, partially offset by foreign exchange impact over the same period of $106.

(2) The decrease for the year ended December 31, 2019 was due to accumulated amortization for the year. For the year ended December 31, 2018, the gross carrying amount for technology includes an increase of $1,000 due to the acquisition of SlimCut which was partially offset by foreign exchange decrease of $27. Accumulated amortization increased by $109 over the same period due to the acquisition of SlimCut, partially offset by foreign exchange impact.

(3) The Company's Patent Fixed Assets are not required to be amortized.

Schedule of future amortization expense of intangible assets

The estimated future amortization expense of customer relationships for the next five years are as follows:


2020	$	835
2021	658
2022	467
2023	360
2024 and thereafter	1,228

Total	$	3,548