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Other Intangible Assets
12 Months Ended
Dec. 31, 2019
Other Intangible Assets  
Other Intangible Assets

(8)Other Intangible Assets

Other intangible assets consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

    

Weighted Average Useful Life (years)

    

Gross Carrying Amount

    

Accumulated Amortization

    

Net Book Value

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

10.0

 

$

14,362

 

$

(1,496)

 

$

12,866

Trademarks/Tradenames

 

10.0

 

 

2,045

 

 

(381)

 

 

1,664

Covenant not to compete

 

3.0

 

 

76

 

 

(65)

 

 

11

 

 

10.0

 

 

16,483

 

 

(1,942)

 

 

14,541

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

In-process research and development

 

indefinite

 

 

14,133

 

 

 —

 

 

14,133

Total

 

 

 

$

30,616

 

$

(1,942)

 

$

28,674

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

    

Weighted Average Useful Life (years)

    

Gross Carrying Amount

    

Accumulated Amortization

    

Net Book Value

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

10.0

 

$

14,362

 

$

(60)

 

$

14,302

Trademarks/Tradenames

 

10.0

 

 

2,045

 

 

(177)

 

 

1,868

Covenant not to compete

 

3.0

 

 

76

 

 

(40)

 

 

36

 

 

10.0

 

 

16,483

 

 

(277)

 

 

16,206

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

In-process research and development

 

indefinite

 

 

20,721

 

 

 —

 

 

20,721

Total

 

 

 

$

37,204

 

$

(277)

 

$

36,927

 

The gross amount and accumulated impairment loss of indefinite-lived intangible assets are as follows (in thousands):

 

 

 

 

 

 

 

 

 

December 31,

 

 

2019

 

2018

Gross amount

 

$

20,721

 

$

20,721

Accumulated impairment loss

 

 

(6,588)

 

 

 —

Indefinite-lived intangible assets, net

 

$

14,133

 

$

20,721

 

Amortization expense for the years ended December 31, 2019 and 2018 were approximately $1.7 million and $0.2 million, respectively.

Estimated amortization expense for each of the years ending December 31 is as follows:

 

 

 

 

Year ending December 31, 

    

 

    

2020

 

$

1,651

2021

 

 

1,641

2022

 

 

1,641

2023

 

 

1,641

2024

 

 

1,641

Thereafter

 

 

6,326

 

 

$

14,541