| Schedule of Finite-Lived Intangible Assets |
The Company’s amortizable intangible assets consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2016 |
|
Customer Relationships |
|
Developed Technology |
|
Trademarks / Trade-Names |
|
Covenants Not to Compete |
|
Total |
Original cost |
$ |
4,759 |
|
|
$ |
7,917 |
|
|
$ |
2,178 |
|
|
$ |
31 |
|
|
$ |
14,885 |
|
Accumulated amortization |
(1,577 |
) |
|
(4,509 |
) |
|
(658 |
) |
|
(31 |
) |
|
(6,775 |
) |
Net identifiable intangible assets |
$ |
3,182 |
|
|
$ |
3,408 |
|
|
$ |
1,520 |
|
|
$ |
— |
|
|
$ |
8,110 |
|
Weighted-average useful lives (years) |
10 |
|
|
6 |
|
|
15 |
|
|
2 |
|
|
9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015 |
|
Customer Relationships |
|
Developed Technology |
|
Trademarks / Trade-Names |
|
Covenants Not to Compete |
|
Total |
Original cost |
$ |
5,115 |
|
|
$ |
8,567 |
|
|
$ |
2,190 |
|
|
$ |
38 |
|
|
$ |
15,910 |
|
Accumulated amortization |
(1,075 |
) |
|
(3,261 |
) |
|
(528 |
) |
|
(14 |
) |
|
(4,878 |
) |
Net identifiable intangible assets |
$ |
4,040 |
|
|
$ |
5,306 |
|
|
$ |
1,662 |
|
|
$ |
24 |
|
|
$ |
11,032 |
|
Weighted-average useful lives (years) |
10 |
|
|
6 |
|
|
15 |
|
|
2 |
|
|
9 |
|
Changes to the carrying amount of net amortizable intangible assets for the year ended December 31, 2016 consisted of the following (in thousands):
|
|
|
|
|
|
Year Ended
December 31, 2016 |
Balance, beginning of period |
$ |
11,032 |
|
Amortization expense |
(2,142 |
) |
Currency translation |
(780 |
) |
Balance, end of period |
$ |
8,110 |
|
|
| Finite-lived Intangible Assets Amortization Expense |
Amortization expense of intangible assets consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
2016 |
|
2015 |
|
2014 |
Amortization expense associated with the developed technology included in cost of revenues |
$ |
1,251 |
|
|
$ |
1,268 |
|
|
$ |
650 |
|
Amortization expense associated with other acquired intangible assets included in operating expenses |
891 |
|
|
798 |
|
|
652 |
|
Total amortization expense |
$ |
2,142 |
|
|
$ |
2,066 |
|
|
$ |
1,302 |
|
|
| Intangible Assets Future Amortization Expense |
The Company estimates that amortization expense associated with intangible assets will be as follows (in thousands):
|
|
|
|
|
Year Ending December 31, |
|
2017 |
$ |
2,059 |
|
2018 |
1,861 |
|
2019 |
1,188 |
|
2020 |
922 |
|
2021 |
722 |
|
Thereafter |
1,358 |
|
Total |
$ |
8,110 |
|
|