Annual report pursuant to Section 13 and 15(d)

Acquisitions, Goodwill and Other Intangible Assets (Tables)

v3.19.3.a.u2
Acquisitions, Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2019
Business Combinations [Abstract]  
Summary of Goodwill and Intangible Assets
Goodwill and intangible assets, net consisted of the following (in thousands):
 
December 31, 2019
 
 
December 31, 2018
 
 
Gross
Carrying
Amount
 
 
Accumulated
Amortization
 
 
Net Book
Value
 
 
Gross
Carrying
Amount
 
 
Accumulated
Amortization
 
 
Net Book
Value
 
Goodwill and intangible assets:
   
     
     
     
     
     
 
Goodwill
(1)
   $
15,072
    $
—
     $
15,072
    $
11,459
    $
—
     $
 11,459
 
Intangible assets
(1)(2)
    
9,050
     
(1,810
 )    
7,240
     
4,240
     
(314
 )    
3,926
 
                                                 
  $
24,122
    $
      
(1,810
 )   $
22,312
    $
15,699
    $
(314
 )   $
 15,385
 
                                                 
(1)
Represents additions from acquisitions.
(2)
Total weighted average amortization period was 4.37 years and 5.14 years as of December 31, 2019 and 2018, respectively.
Summary of Changes in Carrying Carrying Amount of Goodwill
The changes in the carrying amount of goodwill consisted of the following (in thousands):
 
Years Ended December 31,
 
 
     2019     
    
     2018     
  
Beginning balance
  $
 11,459
    $
—  
  
Additions from acquisitions
   
3,613
     
11,459
 
Impairment losses
   
—
      
—  
  
                 
Ending balance
  $
 15,072
    $
 11,459
 
                 
Schedule of Estimated Amortization Expense for Intangible Assets
Estimated amortization expense for intangible assets for the next five years and thereafter consisted of the following (in thousands):
         
 
  
Year Ended
December 31,
 
2020
 
   $
2,493
  
2021
    
1,623
  
2022
    
1,245
  
2023
    
1,242
  
2024
 
    
637
  
         
 
   $
7,240