Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net and Goodwill

v3.19.2
Intangible Assets, Net and Goodwill
 6 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net and Goodwill INTANGIBLE ASSETS, NET
The following table summarizes the Company's identifiable Intangible assets, net balance:
(in thousands)
 
June 30,
2019
 
December 31,
2018
 
June 30,
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
 
(12,646
)
 
(11,981
)
 
(11,316
)
Customer relationships
 
(14,888
)
 
(14,063
)
 
(13,238
)
Total accumulated amortization
 
(27,534
)
 
(26,044
)
 
(24,554
)
Net carrying amount
 
9,664

 
11,154

 
12,644

Intangible assets not subject to amortization
 
115,421

 
115,421

 
115,421

Intangible assets, net
 
$
125,085

 
$
126,575

 
$
128,065


Amortization expense for intangible assets subject to amortization was $0.7 million for each of the three months ended June 30, 2019 and 2018 and was $1.5 million for each of the six months ended June 30, 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