Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

The change in carrying amount of goodwill for the six months ended June 30, 2020 was as follows (in thousands):

Goodwill as of December 31, 2019	$	36,910
Effects of foreign currency translation	(67)
Goodwill as of June 30, 2020	$	36,843

Intangible assets consisted of the following (in thousands, except years):

	As of June 30, 2020
	Weighted- Average Useful Life in Years	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Customer relationships	7.0	$	1,469	$	(498)	$	971
Developed technology	5.7	21,671		(4,637)		17,034
		$	23,140	$	(5,135)	$	18,005
	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
Developed technology	5.4	27,821		(6,839)		20,982
		$	29,324	$	(7,241)	$	22,083

During the six months ended June 30, 2020, we recorded an impairment charge of $2.0 million related to certain developed 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 June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Cost of revenue	$	762	$	1,096	$	1,880	$	1,542
Sales and marketing	50		56		100		115
Total	$	812	$	1,152	$	1,980	$	1,657

The following table presents our estimates of remaining amortization expense for finite-lived intangible assets at June 30, 2020 (in thousands):

Remainder of 2020	$	1,978
2021	4,582
2022	4,582
2023	2,590
2024	1,914
Thereafter	2,359
Total amortization expense	$	18,005