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Intangible Assets
 6 Months Ended
Jun. 30, 2019
Intangible Assets  
Intangible Assets

Note 7 – Intangible Assets

Intangible asset activity for the six months ended June 30, 2019 is detailed in the following table.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

 

in thousands

    

Acquired Technology

    

Customer Relationships

    

              Other              

    

Total Intangible Assets

Net balance at December 31, 2018

 

$

8,795

 

$

30,408

 

$

6,259

 

$

45,462

Net foreign currency translation

 

 

 2

 

 

(163)

 

 

(14)

 

 

(175)

Amortization expense

 

 

(1,765)

 

 

(1,788)

 

 

(1,163)

 

 

(4,716)

Net balance at June 30, 2019

 

$

7,032

 

$

28,457

 

$

5,082

 

$

40,571

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2019 balance at cost

 

$

42,457

 

$

39,042

 

$

13,699

 

$

95,198

Accumulated amortization

 

 

(35,425)

 

 

(10,585)

 

 

(8,617)

 

 

(54,627)

Net balance at June 30, 2019

 

$

7,032

 

$

28,457

 

$

5,082

 

$

40,571

 

Certain intangible assets are denominated in local currencies and are subject to currency fluctuations. As a result of the Company rebranding, the value of certain intangible assets was written down, and impairment charges of $0.5 million were recorded for the three and six months ended June 30, 2018.