GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

There was no change in goodwill during the three months ended September 30, 2020. There was an $18,649 impairment to goodwill during the nine months ended September 30, 2020, 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 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. This adjustment was recorded during the first quarter of 2020.

There was no change in goodwill during the three months ended September 30, 2019. During the nine months ended September 30, 2019, goodwill increased by $15,931 in connection with the HALO Acquisition.

The following table summarizes the changes in goodwill during the nine months ended September 30, 2020, and the twelve months ended December 31, 2019:


	For the Nine Months Ended		For the Twelve Months Ended
	September 30, 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 and nine months ended September 30, 2020.

There were no additions to intangible assets for the three months ended September 30, 2019. For the nine months ended September 30, 2019, as a consequence of the HALO Acquisition, intangible assets increased $28,061 for patents and technology, trade names, customer relationships, net of unfavorable leases obtained. During the nine months ended September 30, 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 was included in loss on disposal of intangible assets and equipment in the condensed consolidated statements of operations. This adjustment was recorded during the first quarter of 2020. Other than the previously noted loss of $1,148, there was no other losses and/or impairments of intangible assets for the three and nine months ended September 30, 2020, and 2019.

Intangible assets, net of accumulated amortization as of September 30, 2020, and December 31, 2019, were as follows:


	September 30, 2020		Weighted Average Amortization Period	December 31, 2019		Weighted Average Amortization Period

Trade names	$	21,459	9.7 years	$	25,871	9.7 years
Customer relationships	17,742		7.7 years	21,514		7.7 years
Patents and technology	12,353		8.4 years	15,306		8.3 years
Non-compete agreements	150		4.9 years	419		4.9 years
Total intangible assets, net of accumulated amortization	$	51,704	8.3 years	$	63,110	8.3 years