Goodwill and Acquired Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2020

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, 2019	$	9,353
Cumulative translation adjustment		(439)
Balance as of March 31, 2020	$	8,914

Summary of intangible assets

Acquired intangible assets as of March 31, 2020 consist of the following (in thousands):

		March 31, 2020
		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	$	(1,149)	$	(738)	$	11,113	7.75
Developed technology	7		1,650		(815)		—		835	4.84
Customer relationships	8.5 - 10		1,360		(472)		(6)		882	7.83
Non-compete agreements	5.5		340		(51)		(18)		271	4.75
Trade names	3		50		(36)		—		14	0.84
Total		$	16,400	$	(2,523)	$	(762)	$	13,115

Acquired intangible assets as of December 31, 2019 consist of the following (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

Schedule of future estimated amortization expense of acquired intangible assets

Future estimated amortization expense of acquired intangible assets as of March 31, 2020 is as follows (in thousands):

For the Years Ended December 31,	Estimated Amortization Expense
Remainder 2020	$	1,578
2021		2,013
2022		1,930
2023		1,848
2024		1,733
Thereafter		4,013
	$	13,115