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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Value of Goodwill

The changes in the carrying value of goodwill were as follows:

 

Balance at December 31, 2018

 

$

 

Initial value of PistonHeads acquisition

 

 

15,521

 

Foreign currency translation adjustment

 

 

(38

)

Purchase price adjustment (1)

 

 

(655

)

Balance at September 30, 2019

 

$

14,828

 

 

 

(1)

The purchase price adjustment corresponds to an adjustment for the deferred tax liability as the Company continues to refine income tax treatment.

Summary of Other Intangible Assets

Intangible assets as of September 30, 2019 consist of the following:

 

 

 

Weighted

Average

Remaining

Useful Life

(years)

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Amount

 

Brand

 

 

10.3

 

 

$

3,441

 

 

$

233

 

 

$

3,208

 

Customer relationships

 

 

2.3

 

 

 

1,027

 

 

 

253

 

 

 

774

 

Total

 

 

 

 

 

$

4,468

 

 

$

486

 

 

$

3,982

 

Summary of Estimated Amortization Expense of Intangible Assets

 

Estimated amortization expense of intangible assets for future periods as of September 30, 2019, is as follows:

 

Year Ending December 31,

 

Amortization

Expense

 

Remainder of 2019

 

$

161

 

2020

 

 

642

 

2021

 

 

642

 

2022

 

 

338

 

2023

 

 

310

 

2024 and thereafter

 

 

1,889

 

Total

 

$

3,982