XML 71 R12.htm IDEA: XBRL DOCUMENT v3.20.1
Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The change in carrying amount of goodwill for the three months ended March 31, 2020 was as follows (in thousands):
 
Goodwill as of December 31, 2019
$
36,910

Effects of foreign currency translation
(154
)
Goodwill as of March 31, 2020
$
36,756


Intangible assets consisted of the following (in thousands, except years):
 
As of March 31, 2020
 
Weighted-
Average Useful
Life in Years
 
Gross Carrying
Value
 
Accumulated
Amortization
 
Net Carrying
Value
Customer relationships
7.0
 
$
1,318

 
$
(400
)
 
$
918

Completed technology
5.7
 
21,674

 
(3,876
)
 
17,798

 
 
 
$
22,992

 
$
(4,276
)
 
$
18,716

 
As of December 31, 2019
 
Weighted-
Average Useful
Life in Years
 
Gross Carrying
Value
 
Accumulated
Amortization
 
Net Carrying
Value
Customer relationships
7.0
 
$
1,503

 
$
(402
)
 
$
1,101

Completed technology
5.4
 
27,821

 
(6,839
)
 
20,982

 
 
 
$
29,324

 
$
(7,241
)
 
$
22,083



During the three months ended March 31, 2020, we recorded an impairment charge of $2.0 million related to certain completed technology assets, due to our strategic decision to discontinue further investment and enhancements in the standalone existing technology.
We classified intangible asset amortization expense in the accompanying condensed consolidated statements of operations and comprehensive income (loss) as follows (in thousands):
 
 
Three Months Ended March 31,
 
2020
 
2019
Cost of revenue
$
1,118

 
$
446

Sales and marketing
50

 
59

Total
$
1,168

 
$
505


The following table presents our estimates of remaining amortization expense for finite-lived intangible assets at March 31, 2020 (in thousands):
 
 
Remainder of 2020
$
2,777

2021
4,561

2022
4,561

2023
2,569

2024
1,893

Thereafter
2,355

Total amortization expense
$
18,716