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

 

 

 

September 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

 

2.2

 

$

6,050

 

2.9

 

Domain names

 

950

 

3.0

 

950

 

3.6

 

Customer relationships

 

1,600

 

1.0

 

1,600

 

1.6

 

Non-compete agreements

 

580

 

2.2

 

580

 

3.0

 

Capitalized software development costs

 

3,825

 

1.3

 

2,042

 

1.2

 

 

 

 

 

 

 

 

 

 

 

 

 

13,005

 

 

 

11,222

 

 

 

Less accumulated amortization

 

(6,696

)

 

 

(4,146

)

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets, net

 

6,309

 

 

 

7,076

 

 

 

Goodwill

 

29,201

 

 

 

29,201

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill and intangible assets, net

 

$

35,510

 

 

 

$

36,277

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of amortization expense

 

 

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

 

 

 

Three Months
Ended September 30,

 

Nine Months
Ended September 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

Amortization expense

 

$

922 

 

$

586 

 

$

2,550 

 

$

1,606 

 

 

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

 

 

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

 

 

 

Three Months
Ending
December 31,

 

Years Ending December 31,

 

 

 

2015

 

2016

 

2017

 

2018

 

2019

 

Total

 

Developed technology

 

$

377 

 

$

1,508 

 

$

1,406 

 

$

 

$

 

$

3,291 

 

Domain names

 

46 

 

180 

 

100 

 

100 

 

29 

 

455 

 

Customer relationships

 

137 

 

315 

 

 

 

 

452 

 

Non-compete agreements

 

38 

 

150 

 

144 

 

 

 

332 

 

Capitalized software development costs

 

403 

 

1,126 

 

250 

 

 

 

1,779 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

1,001 

 

$

3,279 

 

$

1,900 

 

$

100 

 

$

29 

 

$

6,309