Goodwill and Acquired Intangible Assets (Tables)

12 Months Ended

Dec. 31, 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		(66)
Balance as of December 31, 2019	$	9,353

Summary of intangible assets

Acquired intangible assets consist of the following (dollars in thousands):

		December 31, 2019
		Gross				Cumulative		Net		Weighted
	Estimated Useful	Carrying		Accumulated		Translation		Carrying		Average
	Life (in years)	Value		Amortization		Adjustment		Value		Life Remaining
Know-how	8.5	$	13,000	$	(767)	$	(99)	$	12,134	8.00
Developed technology	7		1,650		(737)		—		913	5.09
Customer relationships	8.5 - 10		1,360		(421)		(1)		938	8.08
Non-compete agreements	5.5		340		(34)		(2)		304	5.00
Trade names	3		50		(32)		—		18	1.09
Total		$	16,400	$	(1,991)	$	(102)	$	14,307

		December 31, 2018
		Gross				Cumulative		Net		Weighted
	Estimated Useful	Carrying		Accumulated		Translation		Carrying		Average
	Life (in years)	Value		Amortization		Adjustment		Value		Life Remaining
Developed technology	7	$	1,650	$	(378)	$	—	$	1,272	6.08
Customer relationships	10		1,250		(209)		—		1,041	9.08
Trade names	3		50		(15)		—		35	2.08
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 December 31, 2019 is as follows (amounts in thousands):

For the Years Ended December 31,	Estimated Amortization Expense
2020	$	2,110
2021		2,013
2022		1,930
2023		1,848
2024		1,733
Thereafter		4,673
	$	14,307