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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets  
Schedule of goodwill

 

 

 

 

Balance at January 1, 2017

    

$

21,686

Goodwill from 2017 acquisition

 

 

41,439

Balance at September 30, 2017

 

$

63,125

 

Schedule of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

 

 

 

 

 

 

 

Amortization Period

 

 

 

 

Accumulated

 

Intangible

 

 

    

(in years)

    

Gross Value

    

Amortization

    

Assets, net

 

September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

8.48

 

$

6,369

 

$

(1,102)

 

$

5,267

 

Client relationships

 

8.56

 

 

34,263

 

 

(4,528)

 

 

29,735

 

Non-competition agreements

 

4.95

 

 

5,149

 

 

(465)

 

 

4,684

 

Developed technology

 

7.87

 

 

26,140

 

 

(2,504)

 

 

23,636

 

Domain name

 

10.00

 

 

29

 

 

(4)

 

 

25

 

Total intangible assets

 

 

 

$

71,950

 

$

(8,603)

 

$

63,347

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

 

 

 

 

 

 

 

Amortization Period

 

 

 

 

Accumulated

 

Intangible

 

 

    

(in years)

    

Gross Value

    

Amortization

    

Assets, net

 

December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

5.00

 

$

1,940

 

$

(791)

 

$

1,149

 

Client relationships

 

10.02

 

 

14,684

 

 

(3,289)

 

 

11,395

 

Non-competition agreements

 

4.64

 

 

652

 

 

(326)

 

 

326

 

Developed technology

 

7.76

 

 

13,500

 

 

(1,101)

 

 

12,399

 

Domain name

 

10.00

 

 

29

 

 

(1)

 

 

28

 

Total intangible assets

 

 

 

$

30,805

 

$

(5,508)

 

$

25,297

 

 

Schedule of estimated amortization expense

 

 

 

 

Years Ending December 31, 

    

 

 

2017 (October 1 - December 31)

    

$

2,398

2018

 

 

9,557

2019

 

 

9,115

2020

 

 

8,776

2021

 

 

8,763

Thereafter

 

 

24,738

Total estimated amortization expense

 

$

63,347