v3.20.4

Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 5. GOODWILL AND INTANGIBLE ASSETS Goodwill Goodwill represents the excess of purchase consideration in a business combination over the fair value of tangible and intangible assets acquired net of the liabilities assumed. The following table reflects the carrying value of goodwill (in thousands):
|  | Carrying Value |
Balance as of December 31, 2018 |  | $ | 1,382 |
Addition: dataxu acquisition |  |  | 72,734 |
Balance as of December 31, 2019 |  |  | 74,116 |
Adjustment: dataxu working capital adjustments |  |  | (1,058 | )
Balance as of December 31, 2020 |  | $ | 73,058 |
Goodwill is evaluated for impairment annually. No impairment was recognized during the years ended December 31, 2020, 2019 and 2018. Intangible Assets The following table is the summary of Company’s intangible assets (in thousands):
|  | As of December 31, 2020 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Weighted-Average Useful Lives (in years) |
Developed technology |  | $ | 62,367 |  |  | $ | (13,439 | ) |  | $ | 48,928 |  |  |  | 5.9 |
Customer relationships |  |  | 13,400 |  |  |  | (3,908 | ) |  |  | 9,492 |  |  |  | 4.0 |
Tradename |  |  | 400 |  |  |  | (400 | ) |  |  | — |  |  |  | 0.5 |
Patents |  |  | 4,076 |  |  |  | (315 | ) |  |  | 3,761 |  |  |  | 14.0 |
Intangible assets |  | $ | 80,243 |  |  | $ | (18,062 | ) |  | $ | 62,181 |  |  |  |  |
|  | 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 |  |  |  |  |
The Company recorded expenses of $14.5 million, $2.8 million and $0.6 million for amortization of intangible assets during the years ended December 31, 2020, 2019 and 2018, respectively. In the years ended December 31, 2020 and 2019, the Company recorded amortization of developed technology in Cost of revenue, platform, Cost of revenue, player, Research and development, and General and administrative expenses and recorded amortization of customer relationships and tradename in Sales and marketing expenses in the consolidated statements of operations. In the year ended December 31, 2018, the Company recorded amortization of developed technology in Research and development expenses in the consolidated statements of operations. The estimated future amortization expense for intangible asset for the next five years and thereafter is as follows (in thousands):
Year Ending December 31, |  |  |  |
2021 |  | $ | 14,036 |
2022 |  |  | 13,666 |
2023 |  |  | 13,108 |
2024 |  |  | 10,316 |
2025 |  |  | 8,750 |
Thereafter |  |  | 2,305 |
Total |  | $ | 62,181 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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