Annual report pursuant to Section 13 and 15(d)

Intangible Assets and Goodwill (Tables)

v3.7.0.1
Intangible Assets and Goodwill (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
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