Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets

v3.20.1
Goodwill and Other Intangible Assets
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill
Changes in the Company’s goodwill balance for the years ended December 31, 2019 and 2018, are summarized in the table below:

2019 2018
Balance as at beginning of period $ 25,821    $ 25,886   
Foreign currency translation 36    (65)  
Balance at end of period $ 25,857    $ 25,821   
Intangible Assets
The Company’s intangible assets, excluding goodwill, consist of intangible assets acquired in business combinations and were recorded at their estimated fair values on the date of acquisition. The finite-lived intangible assets that are being amortized are summarized in the table below:

Weighted Average Useful Life
(years)
 December 31, 2019 December 31, 2018
Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount
Trade name 4.6 $ 649    $ (649)   $ —    $ 648    $ (648)   $ —   
Acquired technology 5.1 4,828    (4,798)   30    4,828    (4,763)   65   
In-process research and development 5.0 94    (94)   —    94    (94)   —   
Customer relationships 5.7 4,604    (4,381)   223    4,576    (4,120)   456   
Order backlog 1.5 329    (329)   —    329    (329)   —   
$ 10,504    $ (10,251)   $ 253    $ 10,475    $ (9,954)   $ 521   
Amortization expense for the years ended December 31, 2019 and 2018, was approximately $268 and $372 respectively.
Expected future annual amortization expense for finite-lived intangible assets as of December 31, 2019, is as follows:

Year Amortization
2020 $ 142   
2021 90   
2022 21   
2023 —   
Total $ 253