| Intangible Assets and Goodwill |
Intangible Assets and Goodwill Intangible Assets
The Company’s amortizable intangible assets consisted of the following (in thousands):
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March 31, 2021 |
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Customer Relationships |
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Developed Technology |
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Trademarks / Trade Names |
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Total |
| Original cost |
$ |
4,960 |
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$ |
8,283 |
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$ |
2,184 |
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$ |
15,427 |
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| Accumulated amortization |
(3,999) |
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(8,204) |
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(1,265) |
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(13,468) |
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| Intangibles assets, net |
$ |
961 |
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$ |
79 |
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$ |
919 |
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$ |
1,959 |
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December 31, 2020 |
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Customer Relationships |
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Developed Technology |
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Trademarks / Trade Names |
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Total |
| Original cost |
$ |
4,945 |
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$ |
8,256 |
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$ |
2,184 |
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$ |
15,385 |
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| Accumulated amortization |
(3,861) |
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(8,151) |
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(1,230) |
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(13,242) |
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| Intangibles assets, net |
$ |
1,084 |
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$ |
105 |
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$ |
954 |
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$ |
2,143 |
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Changes to the carrying amount of net amortizable intangible assets consisted of the following (in thousands):
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Three Months Ended
March 31, 2021 |
| Balance, beginning of period |
$ |
2,143 |
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| Amortization expense |
(189) |
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| Currency translation |
5 |
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| Balance, end of period |
$ |
1,959 |
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Amortization expense of intangible assets consisted of the following (in thousands):
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Three Months Ended
March 31, |
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2021 |
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2020 |
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| Amortization expense associated with the developed technology included in cost of revenues |
$ |
27 |
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$ |
72 |
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| Amortization expense associated with other acquired intangible assets included in operating expenses |
162 |
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164 |
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| Total amortization expense |
$ |
189 |
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$ |
236 |
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Goodwill
The goodwill balance of $7.5 million at March 31, 2021 reflects the impact of foreign currency exchange rate fluctuations since the acquisition date.
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