Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Goodwill

v3.21.1
Intangible Assets and Goodwill
3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
Intangible Assets
The Company’s amortizable intangible assets consisted of the following (in thousands):
March 31, 2021
Customer Relationships Developed Technology Trademarks / Trade Names Total
Original cost $ 4,960  $ 8,283  $ 2,184  $ 15,427 
Accumulated amortization (3,999) (8,204) (1,265) (13,468)
Intangibles assets, net $ 961  $ 79  $ 919  $ 1,959 
December 31, 2020
Customer Relationships Developed Technology Trademarks / Trade Names Total
Original cost $ 4,945  $ 8,256  $ 2,184  $ 15,385 
Accumulated amortization (3,861) (8,151) (1,230) (13,242)
Intangibles assets, net $ 1,084  $ 105  $ 954  $ 2,143 
Changes to the carrying amount of net amortizable intangible assets consisted of the following (in thousands):
Three Months Ended
 March 31, 2021
Balance, beginning of period $ 2,143 
Amortization expense (189)
Currency translation
Balance, end of period $ 1,959 
Amortization expense of intangible assets consisted of the following (in thousands):
  Three Months Ended
 March 31,
  2021 2020
Amortization expense associated with the developed technology included in cost of revenues $ 27  $ 72 
Amortization expense associated with other acquired intangible assets included in operating expenses 162  164 
Total amortization expense $ 189  $ 236 
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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