| Goodwill and Intangible Assets, Net |
NOTE 5. GOODWILL AND INTANGIBLE ASSETS, NET
Goodwill
The carrying amount of goodwill was $6,904 as of September 30, 2020 and December 31, 2019.
Intangible Assets
The following table sets forth the Company’s finite-lived intangible assets resulting from business acquisitions and other purchases, which continue to be amortized:
|
|
|
September 30, 2020
|
|
|
December 31, 2019
|
|
|
|
|
Weighted
Average
Remaining
Useful Life
|
|
|
Gross
Carrying
|
|
|
Accumulated
|
|
|
Net
Carrying
|
|
|
Gross
Carrying
|
|
|
Accumulated
|
|
|
Net
Carrying
|
|
|
|
|
(in years)
|
|
|
Amount
|
|
|
Amortization
|
|
|
Amount
|
|
|
Amount
|
|
|
Amortization
|
|
|
Amount
|
|
|
Software and technology
|
|
|
1.0
|
|
|
$
|
3,582
|
|
|
$
|
(3,061
|
)
|
|
$
|
521
|
|
|
$
|
3,582
|
|
|
$
|
(2,171
|
)
|
|
$
|
1,411
|
|
|
Licensed technology
|
|
|
1.0
|
|
|
|
500
|
|
|
|
(333
|
)
|
|
|
167
|
|
|
|
500
|
|
|
|
(208
|
)
|
|
|
292
|
|
|
Developed technology
|
|
|
2.9
|
|
|
|
9,600
|
|
|
|
(4,000
|
)
|
|
|
5,600
|
|
|
|
9,600
|
|
|
|
(2,560
|
)
|
|
|
7,040
|
|
|
Customer relationships
|
|
|
2.9
|
|
|
|
9,300
|
|
|
|
(3,875
|
)
|
|
|
5,425
|
|
|
|
9,300
|
|
|
|
(2,480
|
)
|
|
|
6,820
|
|
|
Trademarks and trade names
|
|
|
0.2
|
|
|
|
100
|
|
|
|
(93
|
)
|
|
|
7
|
|
|
|
100
|
|
|
|
(59
|
)
|
|
|
41
|
|
|
Noncompete agreements
|
|
|
1.8
|
|
|
|
800
|
|
|
|
(434
|
)
|
|
|
366
|
|
|
|
800
|
|
|
|
(278
|
)
|
|
|
522
|
|
|
Total
|
|
|
2.8
|
|
|
$
|
23,882
|
|
|
$
|
(11,796
|
)
|
|
$
|
12,086
|
|
|
$
|
23,882
|
|
|
$
|
(7,756
|
)
|
|
$
|
16,126
|
|
The following table presents future amortization of the Company’s finite-lived intangible assets at September 30, 2020:
|
2020 (three months)
|
|
$
|
1,342
|
|
|
2021
|
|
|
4,261
|
|
|
2022
|
|
|
3,963
|
|
|
2023
|
|
|
2,520
|
|
|
Total
|
|
$
|
12,086
|
|
|