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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2015
Goodwill and Intangible Assets  
Schedule of goodwill and intangible assets

 

 

June 30,
2015

 

Weighted
Average
Remaining
Useful Life

 

December 31,
2014

 

Weighted
Average
Remaining
Useful Life

 

 

 

(in thousands)

 

(in years)

 

(in thousands)

 

(in years)

 

Developed technology

 

$

6,050

 

2.4

 

$

6,050

 

2.9

 

Domain names

 

950

 

3.2

 

950

 

3.6

 

Customer relationships

 

1,600

 

1.2

 

1,600

 

1.6

 

Non-compete agreements

 

580

 

2.5

 

580

 

3.0

 

Capitalized software development costs

 

3,527

 

1.4

 

2,042

 

1.2

 

 

 

 

 

 

 

 

 

 

 

 

 

12,707

 

 

 

11,222

 

 

 

Less accumulated amortization

 

(5,774

)

 

 

(4,146

)

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets, net

 

6,933

 

 

 

7,076

 

 

 

Goodwill

 

29,201

 

 

 

29,201

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill and intangible assets, net

 

$

36,134

 

 

 

$

36,277

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of amortization expense

 

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

 

 

 

Three Months
Ended June 30,

 

Six Months
Ended June 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

Amortization expense

 

$

892 

 

$

503 

 

$

1,628 

 

$

1,020 

 

 

Schedule of estimated future amortization based on the carrying amount of intangible assets

 

Based on the carrying amount of intangible assets as of June 30, 2015, the estimated future amortization is as follows (in thousands):

 

 

 

Six Months

Ending
December 31,

 

Years Ending December 31,

 

 

 

 

 

2015

 

2016

 

2017

 

2018

 

2019

 

Total

 

Developed Technology

 

$

754 

 

$

1,508 

 

$

1,406 

 

$

 

$

 

$

3,668 

 

Domain Names

 

92 

 

180 

 

100 

 

100 

 

29 

 

501 

 

Customer Relationships

 

274 

 

315 

 

 

 

 

589 

 

Non-Compete Agreements

 

75 

 

150 

 

144 

 

 

 

369 

 

Capitalized Software Development Costs

 

714 

 

928 

 

164 

 

 

 

1,806 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

1,909 

 

$

3,081 

 

$

1,814 

 

$

100 

 

$

29 

 

$

6,933