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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Activity

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

 

Schedule of Cost and Amortization of Intangible Assets

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

 

Summary of Amortization Expense

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

 

Schedule of Estimated Future Amortization Expense of Intangible Assets

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