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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 29, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The following table presents the change in goodwill for the periods presented (in thousands):
Balance as of December 29, 2018 | $ | 68,176 |
Effect of currency translation | (116 | )
Business acquisition | 5,325 |
Goodwill impairment | (5,325 | )
Balance as of June 29, 2019 | $ | 68,060 |
In the second quarter of fiscal 2019, we decided to wind down our Figure 8 business. This resulted in an indicator of impairment for the associated goodwill and intangible assets. Given that Figure 8 was only acquired in the first quarter of fiscal 2019, we had not yet integrated the business into our existing reporting units. As we will be disposing of the business, our impairment assessment completed in the second quarter of fiscal 2019 resulted in an impairment loss of $8.2 million in the three and six months ended June 29, 2019. This impairment loss was comprised of the $5.3 million of goodwill recorded upon acquisition and $2.9 million of net proprietary software intangible assets. Additionally, in the quarter ended June 29, 2019 we incurred other expenses of $3.9 million in stock-based compensation related to the acceleration of time-based restricted stock units granted as part of the acquisition of Figure 8 and $4.1 million associated with the acceleration of the earn-out payments as part of the decision to no longer invest in Figure 8. We recorded $7.5 million of these expenses as research and development expense with the remaining $0.5 million recorded in general and administrative expenses. The $8.2 million impairment loss for the goodwill and intangible asset was recorded as goodwill and intangible asset impairment charge in the consolidated statements of operations for the three and six months ended June 29, 2019. After the Figure 8 impairment loss in the second quarter of fiscal 2019, we had $47.1 million of accumulated impairment losses. The following table presents the detail of intangible assets for the periods presented (dollars in thousands):
| Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Weighted-Average Remaining Life (Years)
June 29, 2019 |  |  |  |  |  |  |
Indefinite lived intangibles | $ | 260 |  |  | $ | — |  |  | $ | 260 |  |  | N/A
Trademarks and trade names | 4,738 |  |  | (4,501 | ) |  | 237 |  |  | 5.5
Proprietary software | 7,858 |  |  | (5,590 | ) |  | 2,268 |  |  | 4.0
Internal software | 227 |  |  | (170 | ) |  | 57 |  |  | 1.3
Caregiver relationships | 1,114 |  |  | (672 | ) |  | 442 |  |  | 1.7
Customer relationships | 8,537 |  |  | (8,295 | ) |  | 242 |  |  | 3.5
Total | $ | 22,734 |  |  | $ | (19,228 | ) |  | $ | 3,506 |  |  |
December 29, 2018 |  |  |  |  |  |  |
Indefinite lived intangibles | $ | 260 |  |  | $ | — |  |  | $ | 260 |  |  | N/A
Trademarks and trade names | 4,742 |  |  | (4,441 | ) |  | 301 |  |  | 5.3
Proprietary software | 7,869 |  |  | (5,316 | ) |  | 2,553 |  |  | 4.5
Internal software | 227 |  |  | (141 | ) |  | 86 |  |  | 1.7
Leasehold interests | 170 |  |  | (163 | ) |  | 7 |  |  | 0.4
Caregiver relationships | 1,116 |  |  | (538 | ) |  | 578 |  |  | 2.1
Customer relationships | 8,541 |  |  | (8,265 | ) |  | 276 |  |  | 4.0
Total | $ | 22,925 |  |  | $ | (18,864 | ) |  | $ | 4,061 |  |  |
Amortization expense was $0.9 million and $0.3 million for the six months ended June 29, 2019 and June 30, 2018, respectively. Of these amounts, $0.3 million and $0.2 million was classified as a component of depreciation and amortization, and $0.6 million and $0.1 million was classified as a component of cost of revenue in the condensed consolidated statements of operations for the six months ended June 29, 2019 and June 30, 2018, respectively. As of June 29, 2019, the estimated future amortization expense related to intangible assets for future fiscal years was as follows (in thousands):
2019 remaining | 504 |
2020 | 975 |
2021 | 720 |
2022 | 693 |
2023 | 312 |
Thereafter | 42 |
Total | $ | 3,246 |

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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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