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Goodwill and Other Intangible Assets
 12 Months Ended
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