Goodwill and Acquired Intangible Assets

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

4. Goodwill and Acquired

Intangible

Assets

Goodwill is not amortized, but instead is reviewed for impairment at least annually or more frequently when events and circumstances occur indicating that the recorded goodwill may be impaired. The Company considers its business to be one reporting unit for purposes of performing its goodwill impairment analysis. To date, the Company has had no impairments to goodwill.

Acquired intangible assets consisted of the following (in thousands):


			March 31, 2021
	Weighted Average Useful Life		Gross Amount		Accumulated Amortization			Carrying Value
	(in years)

Customer relationships		5	$	3,600	$	(735	)	$	2,865
Other identifiable intangible assets		3.7		270		(72	)		198

			$	3,870	$	(807	)	$	3,063


			December 31, 2020
	Weighted Average Useful Life		Gross Amount		Accumulated Amortization			Carrying Value
	(in years)
Customer relationships		5	$	3,600	$	(464	)	$	3,136
Other identifiable intangible assets		3.7		270		(40	)		230

			$	3,870	$	(504	)	$	3,366

Future amortization expense of the intangible assets as of March 31, 2021, is expected to be as follows (in thousands):


Year Ending December 31,

2021 (Remaining nine months)	$	879
2022		826
2023		609
2024		440
2025		309

	$	3,063