Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Changes in the carrying amount of goodwill for the nine months ended September 30, 2019 and the twelve months ended December 31, 2018 were as follows:

(in thousands)	September 30, 2019		December 31, 2018
Balance as of Beginning balance	$	6,670	$	9,402
Measurement period adjustment	—		(2,807)
Foreign currency translation	(579)		75
Balance as of Ending balance	$	6,091	$	6,670

See Note 3 for a description of the measurement period adjustment.

The Company’s intangible assets at September 30, 2019 and December 31, 2018 consisted of the following:

	September 30, 2019								December 31, 2018
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Impairment		Net		Gross Carrying Amount		Accumulated Amortization		Impairment		Net
Other intangible assets:
Developed technology	$	759,205	$	(165,730)	$	—	$	593,475	$	759,290	$	(134,151)	$	—	$	625,139
In-process research and development	39,000		(6,681)		—		32,319		39,000		(5,055)		—		33,945
Trade name	27,216		—		—		27,216		28,507		—		(2,600)		25,907
Service provider network	2,000		—		—		2,000		2,000		—		—		2,000
Customer relationships	17,866		(1,958)		—		15,908		19,872		(2,198)		—		17,674
Software	10,604		(3,638)		(992)		5,974		9,405		(2,161)		—		7,244
Other	100		(54)		—		46		100		(42)		—		58
Total intangible assets	$	855,991	$	(178,061)	$	(992)	$	676,938	$	858,174	$	(143,607)	$	(2,600)	$	711,967

During the Company's annual impairment testing conducted for the year ended December 31, 2018, the Company recorded an impairment charge of $2.6 million on its SmartFresh trade name. During the nine months ended September 30, 2019, the Company had an impairment charge of $1.0 million associated with the Verigo software following a partnership agreement with a new technology provider.

At September 30, 2019, the weighted-average amortization periods remaining for developed technology, in-process R&D, customer relationships, software and other was 15.6, 13.0, 15.0, 3.0, and 2.8 years, respectively. At September 30, 2019, the weighted-average amortization period remaining for these finite-lived intangible assets was 15.4 years.

Estimated annual amortization expense for finite-lived intangible assets subsequent to September 30, 2019 is as follows:

(in thousands)	Amount
2019 (remaining)	$	10,893
2020	43,545
2021	43,295
2022	43,150
2023	43,142
Thereafter	463,697
Total	$	647,722

Amortization expense for intangible assets was $11.8 million and $12.0 million for the three months ended September 30, 2019 and 2018, respectively, and $35.1 million and $34.3 million, for the nine months ended September 30, 2019 and 2018, respectively.