Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets

v3.19.3
Goodwill and Other Intangible Assets
9 Months Ended
Sep. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

4. Goodwill and Other Intangible Assets

The following table sets forth changes in goodwill for the period from December 31, 2018 through September 30, 2019:

(in thousands)

 

 

 

 

Balance at December 31, 2018

 

$

10,609

 

Acquisition

 

 

6,680

 

Balance at September 30, 2019

 

$

17,289

 

The following table represents our other intangible assets by major asset class as of the dates indicated, which are included in Investments and Other Assets on the accompanying condensed consolidated balance sheet:

 

 

September 30,

 

 

December 31,

 

(in thousands)

 

2019

 

 

2018

 

Amortizable Intangible Assets

 

 

 

 

 

 

 

 

Customer related

 

 

 

 

 

 

 

 

Gross carrying amount

 

$

550

 

 

$

 

Accumulated amortization

 

 

(183

)

 

 

 

 

 

$

367

 

 

$

 

 

 

 

 

 

 

 

 

 

Unamortized Intangible Assets

 

 

 

 

 

 

 

 

Domain names

 

$

571

 

 

$

571

 

The customer related intangible assets are being amortized on a straight-line basis over 12 months. Amortization expense was $138,000 and $183,000 for the three and nine months ended September 30, 2019, respectively. Amortization expense for the remainder of 2019 is expected to be $138,000.