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Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2021

2. Goodwill and Intangible Assets

The change in the carrying amount of goodwill for the six months ended June 30, 2021 was as follows (in thousands):


Balance as of January 1, 2021	$	2,150
Foreign currency translation adjustment		29
Balance as of June 30, 2021	$	2,179

The fair value measurement of goodwill was classified within Level 3 of the fair value hierarchy because the Company used the income approach, which utilizes significant inputs that are unobservable in the market. The Company believes it made reasonable estimates and assumptions to calculate the fair value of the reporting unit as of the impairment test measurement date.

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, 2021	$	3,175	$	2,228	$	882	$	45	$	3,670	$	10,000
Foreign currency translation		59		54		8		1		22		144
Balance as of June 30, 2021	$	3,234	$	2,282	$	890	$	46	$	3,692	$	10,144


					Trademarks				Media
	Developed		Customer		and				Contact
	technology		relationships		tradenames		Patents		Database		Total
Accumulated amortization:
Balance as of January 1, 2021	$	1,844	$	1,192	$	629	$	29	$	1,650	$	5,344
Amortization expense		159		93		28		2		183		465
Foreign currency translation		39		30		5		1		13		88
Balance as of June 30, 2021	$	2,042	$	1,315	$	662	$	32	$	1,846	$	5,897

Net carrying values - June 30, 2021	$	1,192	$	967	$	228	$	14	$	1,846	$	4,247

Amortization expense relating to acquisition-related intangible assets was $0.2 million for the three months ended June 30, 2021 and $0.5 million for the six months ended June 30, 2021.

As of June 30, 2021, estimated future amortization expense for intangible assets was as follows (in thousands):


Year	Amortization
2021	$	472
2022		945
2023		945
2024		840
2025		691
Thereafter		354
	$	4,247