Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets

v3.19.3.a.u2
Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

5. Goodwill and Other Intangible Assets

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

(in thousands)

 

 

 

 

Balance at December 31, 2018

 

$

10,609

 

Acquisition

 

 

6,680

 

Balance at December 31, 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 consolidated balance sheet as of December 31:

(in thousands)

 

2019

 

 

2018

 

Amortizable Intangible Assets

 

 

 

 

 

 

 

 

Customer related

 

 

 

 

 

 

 

 

Gross carrying amount

 

$

550

 

 

$

 

Accumulated amortization

 

 

(321

)

 

 

 

 

 

$

229

 

 

$

 

 

 

 

 

 

 

 

 

 

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 for the year ended December 31, 2019 was $321,000. The remaining $229,000 will be amortized in 2020.