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

 

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

 

 

 

 

 

Balance as of January 1, 2019

    

$

2,050

Foreign currency translation adjustment

 

 

12

Balance as of September 30, 2019

 

$

2,062

 

 

 

  

Balance as of January 1, 2020

 

$

2,108

Foreign currency translation adjustment

 

 

(39)

Balance as of September 30, 2020

 

$

2,069

 

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

 

$

43

 

$

3,606

 

$

9,805

Foreign currency translation

 

 

(74)

 

 

(65)

 

 

(11)

 

 

(1)

 

 

(40)

 

 

(191)

Balance as of September 30, 2020

 

$

3,034

 

$

2,112

 

$

860

 

$

42

 

$

3,566

 

$

9,614

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

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

 

 

51

 

 

63

 

 

 4

 

 

 1

 

 

(36)

 

 

83

Balance as of September 30, 2019

 

$

3,050

 

$

2,144

 

$

859

 

$

43

 

$

3,510

 

$

9,606

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

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

 

$

1,261

 

$

4,328

Amortization expense

 

 

230

 

 

134

 

 

41

 

 

 3

 

 

271

 

 

679

Foreign currency translation

 

 

(39)

 

 

(32)

 

 

(5)

 

 

 —

 

 

(19)

 

 

(95)

Balance as of September 30, 2020

 

$

1,684

 

$

1,085

 

$

603

 

$

27

 

$

1,513

 

$

4,912

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

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

 

 

230

 

 

133

 

 

90

 

 

 3

 

 

269

 

 

725

Foreign currency translation

 

 

24

 

 

24

 

 

 2

 

 

 1

 

 

(15)

 

 

36

Balance as of September 30, 2019

 

$

1,391

 

$

923

 

$

532

 

$

23

 

$

1,140

 

$

4,009

 

Schedule of estimated amortization expense for intangible assets

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

 

 

 

 

 

Year

    

Amortization

2020

 

$

224

2021

 

 

895

2022

 

 

895

2023

 

 

895

2024

 

 

797

Thereafter

 

 

996

 

 

$

4,702