XML 104 R30.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 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

 

 

341

 

Purchase price adjustment (1)

 

 

(655

)

Balance at December 31, 2019

 

$

15,207

 

 

(1)

The purchase price adjustment corresponds to an adjustment for the deferred tax liability as a result of the Company’s evaluation of income tax treatment, which was recorded during the second quarter of 2019.

Summary of Other Intangible Assets

Intangible assets as of December 31, 2019 consist of the following:

 

 

 

Weighted

Average

Remaining

Useful Life

(years)

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Amount

 

Brand

 

 

10.0

 

 

$

3,524

 

 

$

313

 

 

$

3,211

 

Customer relationships

 

 

2.0

 

 

 

1,045

 

 

 

336

 

 

 

709

 

Total

 

 

 

 

 

$

4,569

 

 

$

649

 

 

$

3,920

 

Summary of Estimated Amortization Expense of Intangible Assets

Estimated amortization expense of intangible assets for future periods as of December 31, 2019, is as follows:

 

Year Ending December 31,

 

Amortization

Expense

 

2020

 

$

671

 

2021

 

 

671

 

2022

 

 

328

 

2023

 

 

320

 

2024

 

 

320

 

2025 and thereafter

 

 

1,610

 

Total

 

$

3,920