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Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 6. Goodwill and Intangible Assets Goodwill The following table summarizes the carrying amount of goodwill resulting from the acquisitions of 3VR, Thursby, and Viscount (in thousands):
|  | Premises |  |  | Identity |  |  | Total |
Balance at December 31, 2018 |  | $ | 5,796 |  |  | $ | 3,490 |  |  | $ | 9,286 |
Acquisition of business |  |  | 1,173 |  |  |  | — |  |  |  | 1,173 |
Currency translation adjustment |  |  | (18 | ) |  |  | — |  |  |  | (18 | )
Balance at March 31, 2019 |  | $ | 6,951 |  |  | $ | 3,490 |  |  | $ | 10,441 |
In accordance with ASC 350, the Company tests goodwill for impairment on an annual basis, in the fourth quarter, or whenever events or changes in circumstances indicate that the carrying amount of these assets may not be recoverable. In testing for goodwill impairment, the Company compares the fair value of its reporting unit to its carrying value including the goodwill of that unit. If the carrying value, including goodwill, exceeds the reporting unit’s fair value, the Company will recognize an impairment loss for the amount by which the carrying amount exceeds the reporting unit’s fair value. During the quarter ended March 31, 2019, the Company noted no indicators of goodwill impairment and concluded no further testing necessary. Intangible Assets The following table summarizes the gross carrying amount and accumulated amortization for intangible assets resulting from acquisitions (in thousands):
|  |  |  |  |  | Developed |  |  | Customer |  |  |  |  |
|  | Trademarks |  |  | Technology |  |  | Relationships |  |  | Total |
Amortization period (in years) |  | 5 |  |  | 10 – 12 |  |  | 4 – 12 |  |  |  |  |
Gross carrying amount at December 31, 2018 |  | $ | 600 |  |  | $ | 8,300 |  |  | $ | 15,039 |  |  | $ | 23,939 |
Accumulated amortization |  |  | (77 | ) |  |  | (3,978 | ) |  |  | (8,904 | ) |  |  | (12,959 | )
Intangible assets, net at December 31, 2018 |  | $ | 523 |  |  | $ | 4,322 |  |  | $ | 6,135 |  |  | $ | 10,980 |
Gross carrying amount at March 31, 2019 |  | $ | 758 |  |  | $ | 9,093 |  |  | $ | 15,745 |  |  | $ | 25,596 |
Accumulated amortization |  |  | (114 | ) |  |  | (4,201 | ) |  |  | (9,284 | ) |  |  | (13,599 | )
Intangible assets, net at March 31, 2019 |  | $ | 644 |  |  | $ | 4,892 |  |  | $ | 6,461 |  |  | $ | 11,997 |
Each period, the Company evaluates the estimated remaining useful lives of its intangible assets and whether events or changes in circumstances warrant a revision to the remaining period of amortization. If a revision to the remaining period of amortization is warranted, amortization is prospectively adjusted over the remaining useful life of the intangible asset. Intangible assets subject to amortization are amortized over their useful lives as shown in the table above. The Company evaluates its amortizable intangible assets for impairment at the end of each reporting period. The Company did not identify any impairment indicators during the three months ended March 31, 2019. The following table illustrates the amortization expense included in the condensed consolidated statements of operations for the three months ended March 31, 2019 and 2018, respectively (in thousands):
|  | Three Months Ended |
|  | March 31, |
|  | 2019 |  |  | 2018 |
Cost of revenue |  | $ | 224 |  |  | $ | 149 |
Selling and marketing |  |  | 418 |  |  |  | 298 |
Total |  | $ | 642 |  |  | $ | 447 |
The estimated annual future amortization expense for purchased intangible assets with definite lives as of March 31, 2019 is as follows (in thousands):
2019 (remaining nine months) |  | $ | 1,926 |
2020 |  |  | 2,567 |
2021 |  |  | 1,112 |
2022 |  |  | 1,112 |
2023 |  |  | 1,035 |
Thereafter |  |  | 4,245 |
Total |  | $ | 11,997 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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