Quarterly report pursuant to Section 13 or 15(d)

Acquisitions, Goodwill and Other Intangible Assets (Tables)

v3.20.2
Acquisitions, Goodwill and Other Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2020
Business Combinations [Abstract]  
Summary of Goodwill and Intangible Assets, Net
Goodwill and intangible assets, net consisted of the following (in thousands):
 
     September 30, 2020      December 31, 2019  
     Gross
Carrying
Amount		      Accumulated
Amortization		     Net Book
Value		      Gross
Carrying
Amount		      Accumulated
Amortization		     Net Book
Value		  
Goodwill and intangible assets:
                
Goodwill
    $ 24,319      $ —       $ 24,319      $ 15,072      $ —       $ 15,072  
Intangible assets
(1)
      17,291        (4,727 )      12,564        9,050        (1,810 )      7,240  
  
 
 
     
 
 
    
 
 
     
 
 
     
 
 
    
 
 
  
   $ 41,610      $  (4,727 )    $ 36,883      $ 24,122      $  (1,810 )    $ 22,312  
  
 
 
     
 
 
    
 
 
     
 
 
     
 
 
    
 
 
  
 
(1)
Total weighted average amortization period was 5.18 years and 4.37 years as of September 30, 2020 and December 31, 2019, respectively.
Summary of Changes in Carrying Carrying Amount of Goodwill
The changes in the carrying amount of goodwill consisted of the following (in thousands):
 
     Nine Months Ended
September 30,		  
     2020      2019  
Beginning balance
    $ 15,072      $ 11,459  
Additions from acquisitions
      9,247        —    
Impairment losses
      —          —    
  
 
 
     
 
 
  
Ending balance
    $ 24,319      $ 11,459  
  
 
 
     
 
 
  
Schedule of Estimated Amortization Expense for Intangible Assets
Estimated amortization expense for intangible assets by year for the next five years and thereafter consisted of the following (in thousands):
 
     September 30,
 
2020		  
Remainder of 2020
    $ 934  
2021
      2,857  
2022
      2,531  
2023
      2,476  
2024
      1,963  
Thereafter
      1,803  
  
 
 
  
   $  12,564