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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets A summary of the activity in goodwill is presented below (in thousands):
Balance at December 31, 2014 | $ | — |
Acquisition of Ctrack | 29,273 |
Acquisition of FW | 3,754 |
Effect of change in foreign currency exchange rates | (3,507 | )
Balance at December 31, 2015 | $ | 29,520 |
Ctrack adjustment(1) | 1,236 |
FW adjustment | 195 |
Effect of change in foreign currency exchange rates | 3,477 |
Balance at December 31, 2016 | $ | 34,428 |
(1) | During the year ended December 31, 2016, the Company identified the need for an immaterial adjustment in the recording of net assets and goodwill in the accounting for the acquisition of Ctrack. As a result, the Company has recorded an adjustment during the year ended December 31, 2016 that increased goodwill and decreased accounts receivable. There was no change in reported cash flows in any period related to this adjustment.
The Company’s intangible assets are comprised of the following (in thousands):
| December 31, 2016
| Weighted-Average Life (in years) |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Finite-lived intangible assets: |  |  |  |  |  |  |
Developed technologies | 5.5 |  | $ | 17,247 |  |  | $ | (7,042 | ) |  | $ | 10,205 |
Trademarks and trade names | 9.2 |  | 23,043 |  |  | (6,905 | ) |  | 16,138 |
Customer relationships | 8.3 |  | 13,046 |  |  | (2,993 | ) |  | 10,053 |
Capitalized software development costs | 5.0 |  | 3,579 |  |  | (511 | ) |  | 3,068 |
Other | 2.7 |  | 828 |  |  | (545 | ) |  | 283 |
Total finite-lived intangible assets |  |  | $ | 57,743 |  |  | $ | (17,996 | ) |  | 39,747 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |
In-process capitalized software development costs |  |  |  |  |  |  | 536 |
Total intangible assets |  |  |  |  |  |  | $ | 40,283 |
| December 31, 2015
| Weighted-Average Life (in years) |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Finite-lived intangible assets: |  |  |  |  |  |  |
Developed technologies | 5.3 |  | $ | 19,065 |  |  | $ | (7,307 | ) |  | $ | 11,758 |
Trademarks and trade names | 9.2 |  | 21,267 |  |  | (4,383 | ) |  | 16,884 |
Customer relationships | 8.4 |  | 12,562 |  |  | (1,270 | ) |  | 11,292 |
Capitalized software development costs | 5.0 |  | 1,010 |  |  | (181 | ) |  | 829 |
Other | 1.9 |  | 4,545 |  |  | (4,239 | ) |  | 306 |
Total finite-lived intangible assets |  |  | $ | 58,449 |  |  | $ | (17,380 | ) |  | 41,069 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |
In-process research and development |  |  |  |  |  |  | 2,020 |
Total intangible assets |  |  |  |  |  |  | $ | 43,089 |
During the year ended December 31, 2016, in-process research and development acquired in connection with the FW acquisition was completed and reclassified to developed technologies where it is being amortized over its estimated useful life. Amortization expense for the years ended December 31, 2016, 2015 and 2014 was approximately $6.2 million, $3.3 million and $1.0 million, respectively, including approximately $0.3 million and $25,000 related to capitalized software development costs for the years ended December 31, 2016 and 2015, respectively. The Company did not have amortization expense related to capitalized software development costs for the year ended December 31, 2014. During the year ended December 31, 2016, the Company recorded an impairment loss on intangible assets of approximately $2.7 million, which is included in impairment of purchased intangibles and other income (expense), net, in the consolidated statements of operations. The following table represents details of the amortization of finite-lived intangible assets that is estimated to be expensed in the future (in thousands):
2017 | $ | 6,451 |
2018 | 6,336 |
2019 | 6,251 |
2020 | 6,046 |
2021 | 4,881 |
Thereafter | 9,782 |
Total | $ | 39,747 |

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