XML 24 R13.htm IDEA: XBRL DOCUMENT v3.20.2
Goodwill and Acquired Intangible Assets
 6 Months Ended
Jun. 30, 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.
Acquired intangible assets subject to amortization are as follows:
 
June 30, 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

 
$
(3,117
)
 
$
14,208

 
$
17,325

 
$
(2,009
)
 
$
15,316

Trade name
200

 
(58
)
 
142

 
200

 
(8
)
 
192

 
$
17,525

 
$
(3,175
)
 
$
14,350

 
$
17,525

 
$
(2,017
)
 
$
15,508


Amortization of acquired intangible assets was $0.6 million, $0.1 million, $1.2 million and $0.3 million in the three months ended June 30, 2020 and 2019 and the six months ended June 30, 2020 and 2019, respectively.
At June 30, 2020, estimated future amortization of acquired intangible assets is as follows:
(in thousands)
 
Year ending December 31,
 
2020(1)
$
1,156

2021
2,306

2022
2,214

2023
2,214

2024
2,214

Thereafter
4,246

Total
$
14,350

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