Goodwill and Acquired Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2019

Goodwill and Acquired Intangible Assets

Rollforward of goodwill balance

The following is a rollforward of the Company’s goodwill balance (in thousands):

	Goodwill
Balance as of December 31, 2018	$	1,308
Goodwill acquired		8,111
Cumulative translation adjustment		(458)
Balance as of September 30, 2019	$	8,961

Summary of intangible assets

Acquired intangible assets as of September 30, 2019 consist of the following (in thousands):

		September 30, 2019
		Gross				Cumulative		Net
	Estimated Useful	Carrying		Accumulated		Translation		Carrying
	Life (in years)	Value		Amortization		Adjustment		Value
Know-how	8.5	$	13,000	$	(383)	$	(711)	$	11,906
Developed technology	7		1,650		(648)		—		1,002
Customer relationships	8.5 - 10		1,360		(368)		(6)		986
Non-compete agreements	5.5		340		(17)		(18)		305
Trade names	3		50		(28)		—		22
Total		$	16,400	$	(1,444)	$	(735)	$	14,221

Acquired intangible assets as of December 31, 2018 consist of the following (in thousands):

		December 31, 2018
		Gross				Cumulative		Net
	Estimated Useful	Carrying		Accumulated		Translation		Carrying
	Life (in years)	Value		Amortization		Adjustment		Value
Developed technology	7	$	1,650	$	(379)	$	—	$	1,271
Customer relationships	10		1,250		(208)		—		1,042
Trade names	3		50		(15)		—		35
Total		$	2,950	$	(602)	$	—	$	2,348

Schedule of future estimated amortization expense of acquired intangible assets

Future estimated amortization expense of acquired intangible assets as of September 30, 2019 is as follows (in thousands):

For the Years Ended December 31,	Estimated Amortization Expense
2019	$	546
2020		2,110
2021		2,013
2022		1,930
2023		1,849
Thereafter		6,508
	$	14,956