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Goodwill and Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Carrying Value of Goodwill

The goodwill and intangible assets were acquired as part of the acquisition of MEC and CEE acquisitions referred to in Note 1, Organization.

The change in the carrying value of goodwill is as follows (in thousands):

 

Balance—January 1, 2015

 

$

51,786

 

Acquisition of CEE (Note 3)

 

 

35,757

 

Balance—December 31, 2015 and 2016

 

$

87,543

 

 

Summary of Intangible Assets, Net

Intangible assets, net as of December 31, 2016 consist of the following (in thousands, except weighted average remaining life):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

average

 

 

 

 

 

 

 

Accumulated

 

 

Carrying

 

 

remaining life

 

 

 

Cost

 

 

amortization

 

 

value

 

 

(in years)

 

Customer relationships

 

$

14,660

 

 

$

(4,317

)

 

$

10,343

 

 

 

6.4

 

Developed technology

 

 

6,820

 

 

 

(2,600

)

 

 

4,220

 

 

 

3.1

 

Trade names

 

 

6,990

 

 

 

(3,054

)

 

 

3,936

 

 

 

4.6

 

Total

 

$

28,470

 

 

$

(9,971

)

 

$

18,499

 

 

 

 

 

 

Intangible assets, net as of December 31, 2015 consist of the following (in thousands, except weighted average remaining life):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

average

 

 

 

 

 

 

 

Accumulated

 

 

Carrying

 

 

remaining life

 

 

 

Cost

 

 

amortization

 

 

value

 

 

(in years)

 

Customer relationships

 

$

14,660

 

 

$

(2,618

)

 

$

12,042

 

 

 

7.4

 

Developed technology

 

 

6,820

 

 

 

(1,235

)

 

 

5,585

 

 

 

4.1

 

Trade names

 

 

6,990

 

 

 

(1,912

)

 

 

5,078

 

 

 

5.3

 

Total

 

$

28,470

 

 

$

(5,765

)

 

$

22,705

 

 

 

 

 

 

Schedule of Expected Amortization of Intangible Assets

As of December 31, 2016, expected amortization of intangible assets for each of the five succeeding fiscal years and thereafter is as follows (in thousands):

 

2017

 

$

4,205

 

2018

 

 

4,205

 

2019

 

 

3,335

 

2020

 

 

2,143

 

2021

 

 

1,750

 

Thereafter

 

 

2,861

 

Total

 

$

18,499