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Goodwill and Intangible assets
12 Months Ended
Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

5. Goodwill and intangible assets

Goodwill and intangible assets consisted of:

 

     
    December 31, 2020     December 31, 2019  
(in thousands)  

Useful

life

(months)

   

Gross

carrying

amount

   

Accumulated

amortization

   

Net

carrying

amount

   

Gross

carrying

amount

   

Accumulated

amortization

   

Net

carrying

amount

 

Technology and intellectual property

    60     $     $     $     $ 32,027     $ (32,027   $  

Customer relationships

    120       25,040       (10,016     15,024       25,040       (7,094     17,946  

Costs to acquire third party publishers

    24                         1,363       (1,363      

Non-compete agreements

    60       303       (211     92       303       (155     148  

Domain names

    60       1,224       (789     435       1,224       (566     658  
 

 

 

 

Intangible assets

    $ 26,567     $ (11,016   $ 15,551     $ 59,957     $ (41,205   $ 18,752  

Goodwill

    Indefinite     $ 18,402           $ 18,402     $ 18,402           $ 18,402  

 

 

Amortization expense related to intangible assets amounted to $3.2 million, $5.4 million, and $11.8 million for the years ended December 31, 2020, 2019, and 2018, respectively. We did not have any impairments of goodwill for the years ended December 31 2020 and 2019, respectively.

The following table presents the change in goodwill and intangible assets:

 

     
     December 31, 2020     December 31, 2019  
(in thousands)    Goodwill     

Intangible

assets

    Goodwill     

Intangible

assets

 

Beginning balance at January 1,

   $ 18,402      $ 18,752     $ 18,402      $ 23,985  

Addition to goodwill and intangible assets

                         148  

Amortization

            (3,201            (5,381
  

 

 

 

Ending balance

   $ 18,402      $ 15,551     $ 18,402      $ 18,752  

 

 

 

As of December 31, 2020, future amortization expense on identifiable intangible assets with estimable useful lives over the next five years is as follows:

 

   
(in thousands)   

Amortization

expense

 

2021

   $ 2,983  

2022

     2,730  

2023

     2,388  

2024

     2,211  

2025

     2,028  

Thereafter

     3,211  
  

 

 

 
   $ 15,551