Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

There was an $18,649 impairment to goodwill during three months ended March 31, 2020. Goodwill was impaired as the carrying value of the Company's net assets as of March 31, 2020 exceeded the Company's calculation of its diminished market capitalization caused by a decrease of the Company's stock price that occurred during the three months ended March 31, 2020. The market capitalization was determined by multiplying the total number of the Company's outstanding shares as of March 31, 2020 by the Company's average stock price for a determined reasonable period with an estimated additional control premium included as part of the market capitalization. During the three months ended March 31, 2019, goodwill increased in connection with the HALO Acquisition. The following table summarizes the changes in goodwill during the three months ended March 31, 2020, and the twelve months ended December 31, 2019:


	March 31, 2020		December 31, 2019

Balance at beginning of period	$	43,569	$	27,638
Addition in connection with the acquisition of HALO	—		15,931
Impairment of goodwill	(18,649)		—
Balance at end of period	$	24,920	$	43,569

There were no additions to intangible assets during the three months ended March 31, 2020. For the three months ended March 31, 2019, as a consequence of the HALO Acquisition, intangible assets increased $27,554 for patents and technology, trade names, customer relationships, net of unfavorable leases obtained. Additionally, during the three months ended March 31, 2020, the Company discontinued its use of certain trade names, patents and technology in connection with the Strategic Review. As such, a loss of $1,148 was recorded to reduce intangible assets and is included in loss on disposal of intangible assets and equipment in the condensed consolidated statements of operations. There was no impairment of intangible assets for the three months ended March 31, 2020, and 2019.

Intangible assets, net of accumulated amortization as of March 31, 2020, and December 31, 2019, were as follows:


	March 31, 2020		Weighted Average Amortization Period	December 31, 2019		Weighted Average Amortization Period

Trade names	$	23,871	9.7 years	$	25,871	9.7 years
Patents and technology	13,961		8.3 years	15,306		8.3 years
Customer relationships	20,257		7.7 years	21,514		7.7 years
Non-compete agreements	329		4.9 years	419		4.9 years
Total intangible assets, net of accumulated amortization	$	58,418	8.3 years	$	63,110	8.3 years