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Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

6. Goodwill and Intangible Assets

Goodwill

The following table reflects goodwill activity for the three months ended March 31, 2020:

 

 

 

(In thousands)

 

Balance, December 31, 2019

 

$

241,051

 

Measurement period adjustments

 

 

70

 

Balance, March 31, 2020

 

$

241,121

 

There were no impairments of goodwill during the periods ended March 31, 2020 or 2019.

Total cost and amortization of intangible assets are comprised of the following:

 

 

 

 

 

As of

 

 

 

Weighted Average

Useful Life

 

March 31, 2020

 

 

December 31, 2019

 

Intangible assets, net

 

(In years)

 

(In thousands)

 

Customer lists

 

15

 

$

42,500

 

 

$

42,500

 

Developed technology

 

8.9

 

 

58,370

 

 

 

58,440

 

Trade names and trademarks

 

17

 

 

24,500

 

 

 

24,500

 

Other intangible assets

 

4.8

 

 

3,689

 

 

 

3,689

 

Total intangible assets

 

 

 

 

129,059

 

 

 

129,129

 

Less: Accumulated amortization

 

 

 

 

(50,655

)

 

 

(47,478

)

Total intangible assets, net

 

 

 

$

78,404

 

 

$

81,651

 

 

Amortization expense for the following periods is as follows:

 

 

 

Three Months Ended

 

 

 

March 31, 2020

 

 

March 31, 2019

 

 

 

(In thousands)

 

Cost of revenue - licenses

 

$

1,008

 

 

$

1,008

 

Cost of revenue - subscription

 

 

910

 

 

 

96

 

Research and development

 

 

191

 

 

 

159

 

Sales and marketing

 

 

1,068

 

 

 

1,068

 

Total amortization expense

 

$

3,177

 

 

$

2,331

 

 

Periodically, the Company evaluates intangible assets for possible impairment. There were no impairments of intangible assets during the periods ended March 31, 2020 or 2019.

 

The total estimated future amortization expense of these intangible assets as of March 31, 2020 is as follows:

 

Year Ending December 31,

 

(in thousands)

 

2020 (except the three months ended March 31)

 

$

9,490

 

2021

 

 

12,585

 

2022

 

 

12,247

 

2023

 

 

11,744

 

2024

 

 

9,412

 

Thereafter

 

 

22,926

 

Total amortization expense

 

$

78,404