XML 22 R10.htm IDEA: XBRL DOCUMENT v3.19.3
GOODWILL AND OTHER INTANGIBLE ASSETS
9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
GOODWILL AND OTHER INTANGIBLE ASSETS

The following table summarizes the changes in our goodwill:
Balance at December 31, 2018
$
111,387

Goodwill recognized upon acquisition
4,826

Adjustment to goodwill associated with acquisitions
(176
)
Foreign exchange adjustment to goodwill
(80
)
Balance at September 30, 2019
$
115,957



There has been no impairment of goodwill for the periods presented.

The gross carrying amount and accumulated amortization of our intangible assets as of September 30, 2019 and December 31, 2018 are as follows:
 
 
 
September 30, 2019
Intangible Assets
Weighted Average
Amortization
Period (in Years)
 
Gross
 
Accumulated
Amortization
 
Net
 
 
 
 
 
 
 
 
Developed Technology
6.0
 
$
14,744

 
$
(8,862
)
 
$
5,882

Customer Relationships
8.8
 
90,102

 
(27,640
)
 
62,462

Reseller Relationships
7.0
 
853

 
(853
)
 
0

Trade Names
12.0
 
5,299

 
(1,564
)
 
3,735

Noncompete Agreements
5.2
 
1,032

 
(639
)
 
393

 
8.5
 
$
112,030

 
$
(39,558
)
 
$
72,472

 
 
 
December 31, 2018
Intangible Assets
Weighted Average
Amortization
Period (in Years)
 
Gross
 
Accumulated
Amortization
 
Net
 
 
 
 
 
 
 
 
Developed Technology
6.0
 
$
14,805

 
$
(7,065
)
 
$
7,740

Customer Relationships
8.5
 
85,094

 
(20,601
)
 
64,493

Reseller Relationships
7.0
 
853

 
(853
)
 

Trade Names
12.2
 
5,187

 
(1,241
)
 
3,946

Noncompete Agreements
5.2
 
1,032

 
(451
)
 
581

 
8.3
 
$
106,971

 
$
(30,211
)
 
$
76,760



We record amortization expenses using the straight-line method over the estimated useful lives of the intangible assets, as noted above.  Amortization expenses recorded in Operating Expenses were $2,375 and $2,447, for the three months ended September 30, 2019 and 2018, respectively. Amortization expenses recorded in Cost of Sales were $587 and $437 for the three months ended September 30, 2019 and 2018, respectively. Amortization expenses recorded in Operating Expenses were $7,918 and $6,038 for the nine months ended September 30, 2019 and 2018, respectively. Amortization expenses recorded in Cost of Sales were and $1,461 and $1,171 for the nine months ended September 30, 2019 and 2018, respectively.

The following table summarizes the future estimated amortization expense relating to our intangible assets as of September 30, 2019:
Calendar Years
 
2019 (October to December)
$
2,952

2020
11,474

2021
10,983

2022
10,354

2023
9,140

2024
8,821

Thereafter
18,748

 
$
72,472