Intangible Assets And Goodwill

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets And Goodwill

INTANGIBLE ASSETS AND GOODWILL

Finite-lived Intangibles

The Company has finite-lived intangible assets which are amortized over their estimated useful lives on a straight-line basis. The following table presents the gross carrying amount and accumulated amortization of finite-lived intangible assets as of June 30, 2019 and December 31, 2018 (in thousands):

	June 30, 2019							December 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Developed technology	$	39,984	$	(32,602	)	$	7,382	$	39,984	$	(30,817	)	$	9,167
Content Library	4,700		(548		)	4,152		4,700		—			4,700
Total Finite-lived Intangibles	$	44,684	$	(33,150	)	$	11,534	$	44,684	$	(30,817	)	$	13,867

During 2018, the Company recorded finite-lived intangible assets totaling $7.5 million and $7.2 million, related to developed technology from the acquisitions of Workpop Inc. and Grovo Learning, Inc., respectively. Amortization of finite-lived intangibles is recorded in cost of revenue in the accompanying condensed consolidated statements of operations.

Total amortization expense from finite-lived intangible assets was $1.0 million and $2.3 million for the three and six months ended June 30, 2019. There was no amortization expense for the three and six months ended June 30, 2018.

The following table presents the Company's estimate of remaining amortization expense for finite-lived intangible assets that existed as of June 30, 2019 (in thousands):

	2019		2020		2021		2022		2023		2024 and thereafter
Estimated remaining amortization expense	$	2,094	$	4,188	$	3,236	$	855	$	855	$	306

The Company evaluates the recoverability of its long-lived assets with finite useful lives, including intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. Based on the assessment of various factors in connection with the preparation of the Company’s financial statements for the three months ended June 30, 2019, the Company does not believe there were any negative qualitative factors impacting the recoverability of the carrying values. There were no impairment charges related to identifiable intangible assets for the six months ended June 30, 2019 and the year ended December 31, 2018.

Goodwill

The carrying amount of goodwill was $47.5 million as of June 30, 2019 and December 31, 2018.