| Changes in Carrying Amount of Goodwill |
The changes in the carrying amount of goodwill for the six months ended June 30, 2019 were as follows:
|
|
Goodwill |
|
|
|
(in thousands) |
|
|
Balance as of December 31, 2018 |
$ |
632,370 |
|
|
Foreign currency translation |
|
(1,214 |
) |
|
Divestitures |
|
(2,682 |
) |
|
Balance as of June 30, 2019 |
$ |
628,474 |
|
|
| Schedule of Intangible Assets |
Intangible assets consisted of the following:
|
|
June 30, 2019 |
|
|
|
Weighted-
Average
Remaining
Useful Life -
Years |
|
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net |
|
|
|
(in thousands, except years) |
|
|
Domain names |
|
1.5 |
|
|
$ |
5,414 |
|
|
$ |
4,825 |
|
|
$ |
589 |
|
|
Trademarks |
|
0.2 |
|
|
|
3,072 |
|
|
|
3,007 |
|
|
|
65 |
|
|
Acquired developed technology |
|
3.5 |
|
|
|
149,223 |
|
|
|
83,563 |
|
|
|
65,660 |
|
|
Customer relationships |
|
0.0 |
|
|
|
2,172 |
|
|
|
2,172 |
|
|
|
— |
|
|
Patents |
|
6.4 |
|
|
|
19,710 |
|
|
|
6,213 |
|
|
|
13,497 |
|
|
|
|
|
|
|
$ |
179,591 |
|
|
$ |
99,780 |
|
|
$ |
79,811 |
|
|
|
December 31, 2018 |
|
|
|
Weighted-
Average
Remaining
Useful Life -
Years |
|
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net |
|
|
|
(in thousands except years) |
|
|
Domain names |
|
1.6 |
|
|
|
5,414 |
|
|
$ |
4,283 |
|
|
$ |
1,131 |
|
|
Trademarks |
|
1.4 |
|
|
|
5,772 |
|
|
|
4,076 |
|
|
|
1,696 |
|
|
Acquired developed technology |
|
3.8 |
|
|
|
179,791 |
|
|
|
78,729 |
|
|
|
101,062 |
|
|
Customer relationships |
|
2.1 |
|
|
|
15,572 |
|
|
|
8,012 |
|
|
|
7,560 |
|
|
Patents |
|
6.9 |
|
|
|
19,710 |
|
|
|
5,105 |
|
|
|
14,605 |
|
|
|
|
|
|
|
$ |
226,259 |
|
|
$ |
100,205 |
|
|
$ |
126,054 |
|
|
| Schedule of Estimated Intangible Asset Amortization Expense |
As of June 30, 2019, the estimated intangible asset amortization expense for the next five years and thereafter is as follows:
|
|
Estimated
Amortization |
|
|
|
(in thousands) |
|
|
Remainder of 2019 |
$ |
13,539 |
|
|
2020 |
|
23,213 |
|
|
2021 |
|
17,589 |
|
|
2022 |
|
10,887 |
|
|
2023 |
|
8,378 |
|
|
Thereafter |
|
6,205 |
|
|
Total |
$ |
79,811 |
|
|