Acquisition, Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Assets Acquired and Liabilities Assumed as Part of Business Combination

The cash consideration was allocated as follows:

(in thousands)
Cash acquired	$	5,500
Other net tangible assets acquired	735
Deferred tax assets, net	4,243
Intangible assets	15,700
Goodwill	53,873
Total purchase price allocation	$	80,051

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

Acquired intangible assets and their estimated useful lives at the date of acquisition are as follows:

	Intangible Assets
(dollars in thousands)	Cost		Weighted Average Useful Life
Acquired technology	$	15,500	7 years
Trade name	200		2 years
Acquired intangible assets	$	15,700

Schedule of Goodwill

The changes in the carrying amount of goodwill are as follows:

(in thousands)
Balance at December 31, 2018	$	265
Acquired goodwill	53,873
Balance at December 31, 2019	$	54,138

Schedule of Finite-Lived Intangible Assets

Acquired intangible assets subject to amortization are as follows:

	December 31, 2019							December 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Acquired technology	$	17,325	$	(2,009	)	$	15,316	$	1,824	$	(1,397	)	$	427
Trade name	200		(8		)	192		—		—			—
	$	17,525	$	(2,017	)	$	15,508	$	1,824	$	(1,397	)	$	427

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

At December 31, 2019, estimated future amortization of intangible assets is as follows:

(in thousands)
Year ending December 31,
2020	$	2,314
2021	2,306
2022	2,214
2023	2,214
2024	2,214
Thereafter	4,246
Total	$	15,508