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Intangible Assets and Goodwill (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

Intangible assets as of December 31, 2019 and 2018 consist of the following:

 

 

 

Weighted

Average

Remaining

Useful Life

 

December 31,

 

 

 

 

 

2019

 

 

2018

 

 

 

 

 

(in thousands)

 

Acquired technology

 

44 Months

 

$

17,297

 

 

$

7,252

 

Other intangible assets

 

22 Months

 

 

70

 

 

 

-

 

Accumulated amortization

 

 

 

 

(5,615

)

 

 

(2,333

)

Total

 

 

 

$

11,752

 

 

$

4,919

 

Estimated Future Amortization Expense for Intangible Assets

Estimated future amortization expense for intangible assets as of December 31, 2019 is as follows:

 

Years ended

December 31,

 

Amortization

Expense

 

 

 

(in thousands)

 

2020

 

$

2,414

 

2021

 

 

927

 

2022

 

 

1,286

 

2023

 

 

1,686

 

2024

 

 

1,966

 

Thereafter

 

 

3,473

 

Total

 

$

11,752

 

Schedule of Changes in Carrying Amounts of Goodwill The changes in the carrying amounts of goodwill in 2019, consist of the following:

 

 

(in thousands)

 

Balance as of December 31, 2018

 

$

14,950

 

PieSync acquisition

 

 

15,219

 

Effect of foreign currency translation

 

 

81

 

Balance as of December 31, 2019

 

$

30,250