Current report filing

Acquired Technology

v3.20.4
Acquired Technology
9 Months Ended
Sep. 30, 2020
Acquired Technology  
Acquired Technology

4. Acquired Technology

Acquired technology consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

    

Accumulated

    

Balance

 

 

Gross Value

 

Estimated Life

 

Amortization

 

September 30, 2020

Total acquired technology

 

$

3,270

 

5 years

 

$

817

 

$

2,453

 

The Company recognized amortization expense of $0.5 million and $0.1 million for the nine months ended September 30, 2020 and 2019, respectively.  The Company expects to recognize $0.2 million of amortization expense for the remaining three months of 2020, $0.6 million annually in the years ended December 31, 2021 through 2023, and $0.4 million in 2024. The weighted‑average remaining amortization period is 3.8 years.