Goodwill and Acquired Intangible Assets

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Acquired Intangible Assets

Goodwill and Acquired Intangible Assets

On December 2, 2019, we acquired Indegy, Ltd. We have not yet finalized the allocation of the purchase price, which may change as additional information becomes available related to any working capital adjustment and income taxes.

At March 31, 2020 and December 31, 2019, our goodwill balance was $54.1 million, respectively.

Acquired intangible assets subject to amortization are as follows:

	March 31, 2020							December 31, 2019
(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Acquired technology	$	17,325	$	(2,563	)	$	14,762	$	17,325	$	(2,009	)	$	15,316
Trade name	200		(33		)	167		200		(8		)	192
	$	17,525	$	(2,596	)	$	14,929	$	17,525	$	(2,017	)	$	15,508

Amortization of acquired intangible assets was $0.6 million and $0.2 million in the three months ended March 31, 2020 and 2019, respectively.

At March 31, 2020, estimated future amortization of acquired intangible assets is as follows:

(in thousands)
Year ending December 31,
2020(1)	$	1,735
2021	2,306
2022	2,214
2023	2,214
2024	2,214
Thereafter	4,246
Total	$	14,929

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(1)    Represents the nine months ending December 31, 2020.