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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets  
Schedule of Carrying Amount of Goodwill

 

The changes in the carrying amount of goodwill for the six months ended June 30, 2020 and 2019 were as follows (in thousands):

 

 

 

 

 

Balance as of January 1, 2019

    

$

2,050

Foreign currency translation adjustment

 

 

45

Balance as of June 30, 2019

 

$

2,095

 

 

 

  

Balance as of January 1, 2020

 

$

2,108

Foreign currency translation adjustment

 

 

(82)

Balance as of June 30, 2020

 

$

2,026

 

Schedule of company's acquisition-related intangible assets

Information regarding the Company’s acquisition-related intangible assets was as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

Trademarks 

    

 

 

    

Media

    

 

 

 

 

Developed

 

Customer

 

and

 

 

 

 

Contact

 

 

 

 

 

technology

 

relationships

 

tradenames

 

Patents

 

Database

 

Total

Gross carrying amounts:

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Balance as of January 1, 2020

 

$

3,108

 

$

2,177

 

$

871

 

$

44

 

$

3,605

 

$

9,805

Foreign currency translation

 

 

(139)

 

 

(111)

 

 

(22)

 

 

(2)

 

 

(114)

 

 

(388)

Balance as of June 30, 2020

 

$

2,969

 

$

2,066

 

$

849

 

$

42

 

$

3,491

 

$

9,417

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

Trademarks 

    

 

 

    

Media

    

 

 

 

 

Developed

 

Customer

 

and

 

 

 

 

Contact

 

 

 

 

 

technology

 

relationships

 

tradenames

 

Patents

 

Database

 

Total

Gross carrying amounts:

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Balance as of January 1, 2019

 

$

2,999

 

$

2,081

 

$

855

 

$

42

 

$

3,546

 

$

9,523

Foreign currency translation

 

 

99

 

 

96

 

 

13

 

 

 1

 

 

19

 

 

228

Balance as of June 30, 2019

 

$

3,098

 

$

2,177

 

$

868

 

$

43

 

$

3,565

 

$

9,751

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

Trademarks

    

 

 

    

Media

    

 

 

 

 

Developed

 

Customer

 

and

 

 

 

 

Contact

 

 

 

 

 

technology

 

relationships

 

tradenames

 

Patents

 

Database

 

Total

Accumulated amortization:

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Balance as of January 1, 2020

 

$

1,493

 

$

983

 

$

567

 

$

24

 

$

1,262

 

$

4,329

Amortization expense

 

 

153

 

 

88

 

 

27

 

 

 2

 

 

180

 

 

450

Foreign currency translation

 

 

(74)

 

 

(52)

 

 

(11)

 

 

(1)

 

 

(45)

 

 

(183)

Balance as of June 30, 2020

 

$

1,572

 

$

1,019

 

$

583

 

$

25

 

$

1,397

 

$

4,596

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

Trademarks

    

 

 

    

Media

    

 

 

 

 

Developed

 

Customer

 

and

 

 

 

 

Contact

 

 

 

 

 

technology

 

relationships

 

tradenames

 

Patents

 

Database

 

Total

Accumulated amortization:

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Balance as of January 1, 2019

 

$

1,137

 

$

766

 

$

440

 

$

19

 

$

886

 

$

3,248

Amortization expense

 

 

154

 

 

90

 

 

60

 

 

 1

 

 

179

 

 

484

Foreign currency translation

 

 

44

 

 

36

 

 

 6

 

 

 1

 

 

 4

 

 

91

Balance as of June 30, 2019

 

$

1,335

 

$

892

 

$

506

 

$

21

 

$

1,069

 

$

3,823

 

Schedule of estimated amortization expense for intangible assets

As of the date hereof, estimated amortization expense for intangible assets after June 30, 2020 is as follows (in thousands):

 

 

 

 

 

Year

    

Amortization

2020

 

$

438

2021

 

 

876

2022

 

 

876

2023

 

 

876

2024

 

 

781

Thereafter

 

 

974

 

 

$

4,821