Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

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


Goodwill as of December 31, 2019	$	36,910

Effects of foreign currency translation	20
Goodwill as of September 30, 2020	$	36,930

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


	As of September 30, 2020
	Weighted- Average Useful Life in Years	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Customer relationships	7.0	$	1,526	$	(572)	$	954
Developed technology	5.7	21,715		(5,427)		16,288
		$	23,241	$	(5,999)	$	17,242

	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 nine months ended September 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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Cost of revenue	$	773	$	1,128	$	2,653	$	2,670
Sales and marketing	56		53		156		168
Total	$	829	$	1,181	$	2,809	$	2,838

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



Remainder of 2020	$	1,158
2021	4,596
2022	4,596
2023	2,604
2024	1,928
Thereafter	2,360
Total amortization expense	$	17,242