Intangible Assets and Goodwill

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

Intangible Assets and Goodwill

Intangibles

The Company capitalizes external costs incurred to file new patent applications and to extend the term of or defend existing patents. In addition, during 2019, the Company acquired certain customer-related development programs as part of its acquisition of Nutronics. The details of amortizing intangible assets are as follows (in thousands, except for estimated useful lives):

				As of December 31,
	Estimated useful life (in years)			2019			2018
Patents	5			$	5,956		$	4,735
Development programs	2	-	4	7,200			—
				13,156			4,735
Accumulated amortization				(3,150		)	(2,049		)
				$	10,006		$	2,686

Estimated amortization expense for future years is as follows (in thousands):

2020	$	3,568
2021	3,241
2022	1,683
2023	1,280
2024	234
	$	10,006

Goodwill

During 2019, the Company incurred additional goodwill as part of its acquisition of Nutronics. The carrying amount of goodwill by segment was as follows (in thousands):

	Laser Products		Advanced Development		Totals
Balance, December 31, 2018	$	1,387	$	—	$	1,387
Business acquisition	—		8,484		8,484
Balance, December 31, 2019	$	1,387	$	8,484	$	9,872