| Intangible Assets, Net and Goodwill |
INTANGIBLE ASSETS, NET
The following table summarizes the Company's identifiable Intangible assets, net balance:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
March 31,
2019 |
|
December 31,
2018 |
|
March 31,
2018 |
Intangible assets subject to amortization: |
|
|
|
|
|
|
Patents and purchased technology |
|
$ |
14,198 |
|
|
$ |
14,198 |
|
|
$ |
14,198 |
|
Customer relationships |
|
23,000 |
|
|
23,000 |
|
|
23,000 |
|
Gross carrying amount |
|
37,198 |
|
|
37,198 |
|
|
37,198 |
|
Accumulated amortization: |
|
|
|
|
|
|
Patents and purchased technology |
|
(12,314 |
) |
|
(11,981 |
) |
|
(10,984 |
) |
Customer relationships |
|
(14,475 |
) |
|
(14,063 |
) |
|
(12,825 |
) |
Total accumulated amortization |
|
(26,789 |
) |
|
(26,044 |
) |
|
(23,809 |
) |
Net carrying amount |
|
10,409 |
|
|
11,154 |
|
|
13,389 |
|
Intangible assets not subject to amortization |
|
115,421 |
|
|
115,421 |
|
|
115,421 |
|
Intangible assets, net |
|
$ |
125,830 |
|
|
$ |
126,575 |
|
|
$ |
128,810 |
|
Amortization expense for intangible assets subject to amortization was approximately $0.7 million for each of the three months ended March 31, 2019 and 2018.
Annual amortization expense is estimated to be as follows for the years 2019 through 2023:
|
|
|
|
|
(in thousands) |
|
2019 |
$ |
2,980 |
|
2020 |
2,537 |
|
2021 |
1,650 |
|
2022 |
1,650 |
|
2023 |
1,650 |
|
|