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Intangible Assets
 9 Months Ended
Sep. 30, 2019
Intangible Assets  
Intangible Assets

Note 7 – Intangible Assets

Intangible asset activity for the nine months ended September 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

 

 

(132)

 

 

(510)

 

 

(17)

 

 

(659)

Amortization expense

 

 

(2,597)

 

 

(2,682)

 

 

(1,772)

 

 

(7,051)

Net balance at September 30, 2019

 

$

6,066

 

$

27,216

 

$

4,470

 

$

37,752

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2019 balance at cost

 

$

42,012

 

$

38,664

 

$

13,688

 

$

94,364

Accumulated amortization

 

 

(35,946)

 

 

(11,448)

 

 

(9,218)

 

 

(56,612)

Net balance at September 30, 2019

 

$

6,066

 

$

27,216

 

$

4,470

 

$

37,752

 

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 during the nine months ended September 30, 2018.