Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v2.4.1.9
Intangible Assets
3 Months Ended
Mar. 31, 2015
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets
Intangible Assets and Goodwill
Changes in the Company’s amortizable intangible assets consisted of the following (in thousands):
 
 
 
 
 
 
 
Customer Relationships
Developed Technology
Trademarks / Trade-Names
Covenants Not to Compete
Total
Amortizable intangible assets as of March 31, 2015:
 
 
 
 
 
Original cost
$
5,115

$
8,567

$
2,190

$
38

$
15,910

Accumulated amortization
(772
)
(2,186
)
(382
)
(9
)
(3,349
)
Net identifiable intangible assets
$
4,343

6,381

1,808

29

$
12,561

Weighted-average useful lives (years)
10

6

15

2

9

 
 
 
 
 
 
 
Customer Relationships
Developed Technology
Trademarks / Trade-Names
Covenants Not to Compete
Total
Amortizable intangible assets as of December 31, 2014:
 
 
 
 
 
Original cost
$
5,226

$
8,770

$
2,193

$
40

$
16,229

Accumulated amortization
(671
)
(1,832
)
(334
)
(8
)
(2,845
)
Net identifiable intangible assets
$
4,555

6,938

1,859

32

$
13,384

Weighted-average useful lives (years)
10

6

15

2

9

Changes to the carrying amount of net intangible assets for the three months ended March 31, 2015 consisted of (in thousands):
Beginning balance at December 31, 2014
$
13,384

Amortization expense
(515
)
Currency translation
(308
)
Ending balance at March 31, 2015
$
12,561

Amortization expense associated with the developed technology included in cost of service revenues was $316,000 and $194,000 for the three months ended March 31, 2015 and 2014, respectively. Amortization expense associated with other acquired intangible assets included in operating expenses as “Amortization of purchased intangibles” was $199,000 and $157,000 for the three months ended March 31, 2015 and 2014, respectively.
Changes in the Company’s goodwill consisted of the following (in thousands):
Beginning balance at December 31, 2014
$
8,525

Currency translation
(422
)
Ending balance at March 31, 2015
$
8,103