Table:
|  | Customer Relationships | Developed Technology | Trade Name | Total |
| --- | --- | --- | --- | --- |
| Balance as of January 1, 2018 | $88,526 | $5,532 | $228 | $94,286 |
| Amortization | (11,262) | (3,854) | (103) | (15,219) |
| Balance as of December 31, 2018 | 77,264 | 1,678 | 125 | 79,067 |
| Intangible assets acquired | 19,805 | 16,583 | 2,219 | 38,607 |
| Amortization | (12,673) | (1,441) | (122) | (14,236) |
| Balance as of December 31, 2019 | $84,396 | $16,820 | $2,222 | $103,438 |
Paragraphs:
Note 8. Goodwill and Intangible Assets, Net
The following table reflects changes in the net carrying amount of the components of intangible assets (in thousands):
Question:
What was the percentage change in the total balance between January 1, 2018 and December 31, 2018? 
Answer: (79067-94286)/94286 = -16.14