v3.20.1
Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets

The following table is the summary of Company’s intangible assets (in thousands):

 

 

 

As of March 31,2020

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Weighted-Average Useful Lives

(in years)

Developed technology

 

$

62,367

 

 

$

(5,504

)

 

$

56,863

 

 

5.9

Customer relationships

 

 

13,400

 

 

 

(1,396

)

 

 

12,004

 

 

4.0

Tradename

 

 

400

 

 

 

(333

)

 

 

67

 

 

0.5

Patents

 

 

4,076

 

 

 

(97

)

 

 

3,979

 

 

14.0

Intangible assets

 

$

80,243

 

 

$

(7,330

)

 

$

72,913

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2019

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Weighted-Average Useful Lives

(in years)

Developed technology

 

$

62,367

 

 

$

(2,860

)

 

$

59,507

 

 

5.9

Customer relationships

 

 

13,400

 

 

 

(558

)

 

 

12,842

 

 

4.0

Tradename

 

 

400

 

 

 

(133

)

 

 

267

 

 

0.5

Patents

 

 

4,076

 

 

 

(24

)

 

 

4,052

 

 

14.0

Intangible assets

 

$

80,243

 

 

$

(3,575

)

 

$

76,668

 

 

 

Schedule of Estimated Future Amortization Expense for Intangible Asset

The estimated future amortization expense for intangible asset for the next five years and thereafter is as follows (in thousands):

 

Year Ending December 31,

 

 

 

 

2020 (remaining 9 months)

 

$

10,732

 

2021

 

 

14,036

 

2022

 

 

13,666

 

2023

 

 

13,108

 

2024

 

 

10,316

 

Thereafter

 

 

11,055

 

Total

 

$

72,913