Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets, Net

v3.20.4
Goodwill and Intangible Assets, Net
12 Months Ended
Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net

6. GOODWILL AND INTANGIBLE ASSETS, NET

Goodwill

Goodwill as of December 31, 2020 and 2019 was as follows (in thousands):

 

Balance as of December 31, 2019

 

$

16,953

 

Effect of exchange rate

 

 

(296

)

Balance as of December 31, 2020

 

$

16,657

 

Intangible assets, net

Intangible assets consisted of the following (in thousands):

 

 

 

As of December 31,

 

 

 

2020

 

 

2019

 

 

 

Gross

 

 

Accumulated

amortization

 

 

Net

 

 

Gross

 

 

Accumulated

amortization

 

 

Net

 

Amortizable Intangible Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

2,742

 

 

$

1,576

 

 

$

1,166

 

 

$

2,775

 

 

$

952

 

 

$

1,823

 

Customer relationships

 

 

8,925

 

 

 

2,598

 

 

 

6,327

 

 

 

9,077

 

 

 

1,631

 

 

 

7,446

 

Patent

 

 

130

 

 

 

49

 

 

 

81

 

 

 

113

 

 

 

29

 

 

 

84

 

Total amortizable intangible assets

 

$

11,797

 

 

$

4,223

 

 

$

7,574

 

 

$

11,965

 

 

$

2,612

 

 

$

9,353

 

 

Amortization expense was $1.6 million and $1.8 million for the years ended December 31, 2020 and 2019, respectively.

Total estimated future amortization expense as of December 31, 2020 is as follows (in thousands):

 

 

 

As of December

31, 2020

 

2021

 

$

1,435

 

2022

 

 

1,161

 

2023

 

 

1,053

 

2024

 

 

848

 

2025

 

 

632

 

2026 and thereafter

 

 

2,445

 

Total

 

$

7,574