| Changes in Carrying Amount of Goodwill |
The changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 were as follows:
|
|
Goodwill |
|
|
|
(in thousands) |
|
|
Balance as of December 31, 2017 |
$ |
639,882 |
|
|
Goodwill acquired |
|
741 |
|
|
Foreign currency translation |
$ |
(8,253 |
) |
|
Balance as of December 31, 2018 |
$ |
632,370 |
|
|
Goodwill acquired |
|
134,255 |
|
|
Goodwill divested |
|
(2,682 |
) |
|
Foreign currency translation |
|
(2,790 |
) |
|
Balance as of December 31, 2019 |
$ |
761,153 |
|
|
| Summary of Estimated Useful Lives of Intangible Assets |
The estimated useful lives of intangible assets are as follows:
|
Intangible Asset |
|
Estimated Useful
Life |
|
Domain names |
|
5 Years |
|
Trademarks |
|
1 to 5 Years |
|
Acquired developed technology |
|
4 to 7 Years |
|
Customer relationships |
|
2 to 5 Years |
|
Patents |
|
3 to 11 Years |
Intangible assets consisted of the following:
|
|
December 31, 2019 |
|
|
|
Weighted-
Average
Remaining
Useful Life -
Years |
|
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net |
|
|
|
(in thousands, except years) |
|
|
Domain names |
|
2.6 |
|
|
$ |
5,414 |
|
|
$ |
5,200 |
|
|
$ |
214 |
|
|
Trademarks |
|
— |
|
|
|
3,072 |
|
|
|
3,072 |
|
|
|
— |
|
|
Acquired developed technology |
|
3.6 |
|
|
|
175,414 |
|
|
|
95,921 |
|
|
|
79,493 |
|
|
Customer relationships |
|
— |
|
|
|
2,172 |
|
|
|
2,172 |
|
|
|
— |
|
|
Patents |
|
5.9 |
|
|
|
19,710 |
|
|
|
7,296 |
|
|
|
12,414 |
|
|
|
|
|
|
|
$ |
205,782 |
|
|
$ |
113,661 |
|
|
$ |
92,121 |
|
|
|
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 December 31, 2019, the estimated intangible asset amortization expense for the next five years and thereafter is as follows:
|
|
Estimated
Amortization |
|
|
|
(in thousands) |
|
|
Year ending December 31, |
|
|
|
|
2020 |
$ |
29,171 |
|
|
2021 |
|
23,545 |
|
|
2022 |
|
16,879 |
|
|
2023 |
|
14,396 |
|
|
2024 |
|
6,236 |
|
|
Thereafter |
|
1,894 |
|
|
Total |
$ |
92,121 |
|
|