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Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Acquired Intangible Assets

The following is a summary of the Company’s acquired intangible assets (dollars in thousands):

 

 

Weighted

average

amortization

period (years)

 

 

Gross

carrying

amount

 

 

Accumulated

amortization

 

 

Intangibles, net

 

June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

10

 

 

$

4,830

 

 

$

1,962

 

 

$

2,868

 

Developed technologies

 

 

9

 

 

 

1,080

 

 

 

473

 

 

 

607

 

Tradename

 

 

3

 

 

 

120

 

 

 

120

 

 

 

 

Total intangible assets, net

 

 

 

 

 

$

6,030

 

 

$

2,555

 

 

$

3,475

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

10

 

 

$

4,830

 

 

$

1,720

 

 

$

3,110

 

Developed technologies

 

 

9

 

 

 

1,080

 

 

 

406

 

 

 

674

 

Tradename

 

 

3

 

 

 

120

 

 

 

107

 

 

 

13

 

Total intangible assets, net

 

 

 

 

 

$

6,030

 

 

$

2,233

 

 

$

3,797

 

Schedule of Estimated Annual Amortization of Intangible Assets

The estimated annual amortization of intangible assets for the next five years and thereafter is shown in the following table (in thousands):

 

 

Estimated future amortization

 

2020 (remaining six months)

 

$

308

 

2021

 

 

598

 

2022

 

 

563

 

2023

 

 

563

 

2024

 

 

563

 

Thereafter

 

 

880

 

Total

 

$

3,475