XML 14 R15.htm IDEA: XBRL DOCUMENT v3.20.1
Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets [Abstract]  
Goodwill and Intangible Assets

Note 7:  Goodwill and Intangible Assets



The table below sets forth goodwill and other intangible assets by reportable segment as of June 30, 2019 and December 31, 2018. The Company’s Publishing and Marketing Services segments each operate as a single reporting unit with all corporate expenses included in Publishing. There are no intangible assets or goodwill remaining for the Publishing segment.





 

 

 

 

 



 

 

 

 

 



June 30,

 

December 31,



2019

 

2018



 

(Restated)

 

 

(Restated)

Goodwill

 

 

 

 

 

Marketing Services

$

 1,593 

 

$

 —



 

 

 

 

 

Intangible Assets

 

 

 

 

 

Marketing Services

 

 

 

 

 

Cost

$

 2,030 

 

$

 6,470 

Accumulated Amortization

 

 (1,432)

 

 

 (3,196)

Asset Impairments

 

 —

 

 

 (2,970)

Net Carrying Value

$

 598 

 

$

 304 



The intangible assets include $1,520 of developed technology, with an estimated useful life of five years and net carrying value of $152 that will be fully expensed by the end of 2019,  and $510 of customer relationships, recorded in connection with the Cubic Creative acquisition, with estimated useful lives of two years and net carrying value of $446. Aggregate amortization expense was $140 and $200 for the three months ended June 30, 2019 and 2018, respectively, and $216 and $400 for the six months ended June 30, 2019 and 2018, respectively.



In the second quarter of 2019, in connection with the Cubic Creative acquisition, the Company recorded $1,593 of goodwill; see Note 4 – Acquisitions.