Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2014

5. Goodwill and Intangible Assets

Goodwill and intangible assets consisted of the following as of June 30, 2014 and December 31, 2013:

	June 30, 2014 (in thousands)			Weighted Average Remaining Useful Life (in years)	December 31, 2013 (in thousands)			Weighted Average Remaining Useful Life (in years)
Developed technology	$	4,950		3.4	$	4,950		3.9
Domain names	950			4.1	950			4.5
Customer relationships	1,600			2.1	1,600			4.9
Non-compete agreements	130			—	130			0.3
Capitalized software development costs	1,789			1.4	1,355			1.3
	9,419				8,985
Less accumulated amortization	(2,910		)		(1,890		)
Intangible assets, net	6,509				7,095
Goodwill	26,045				25,941
Goodwill and intangible assets, net	$	32,554			$	33,036

The Company also recorded $0.1 million of measurement period adjustments increasing goodwill related to the acquisition of Insightera, Ltd. (Insightera) during the six months ended June 30, 2014.

Amortization expense for the periods indicated below was as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Amortization expense	$	503	$	158	$	1,020	$	317

Based on the carrying amount of intangible assets as of June 30, 2014, the estimated future amortization is as follows (in thousands):

	Years Ending December 31,
	Six Months Ending December 31, 2014		2015		2016		2017		2018		2019 and beyond		Total
Developed Technology	$	571	$	1,141	$	1,141	$	1,055	$	—	$	—	$	3,908
Domain Names	92		183		180		100		100		29		684
Customer Relationships	274		547		315		—		—		—		1,136
Capitalized Software Development Costs	284		477		20		—		—		—		781

Total	$	1,221	$	2,348	$	1,656	$	1,155	$	100	$	29	$	6,509

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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