Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible AssetsChanges in the carrying amount of goodwill for the three months ended March 31, 2020 and the twelve months ended December 31, 2019 were as follows:

(in thousands)	March 31, 2020		December 31, 2019
Beginning balance	$	6,323	$	6,670
Foreign currency translation	(77)		(347)
Ending balance	$	6,246	$	6,323

The Company’s intangible assets at March 31, 2020 and December 31, 2019 consisted of the following:

	March 31, 2020								December 31, 2019
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Impairment		Net		Gross Carrying Amount		Accumulated Amortization		Impairment		Net
Other intangible assets:
Developed technology	$	757,858	$	(215,851)	$	—	$	542,007	$	758,760	$	(206,998)	$	—	$	551,762
In-process research and development	39,000		(7,764)		—		31,236		39,000		(7,222)		—		31,778
Trade name	26,950		—		—		26,950		27,200		—				27,200
Service provider network	2,000		—		—		2,000		2,000		—		—		2,000
Customer relationships	17,786		(2,668)		—		15,118		18,058		(2,993)		—		15,065
Software	9,736		(6,859)		—		2,877		9,861		(5,347)		(992)		3,522
Other	100		(63)		—		37		100		(58)		—		42
Total intangible assets	$	853,430	$	(233,205)	$	—	$	620,225	$	854,979	$	(222,618)	$	(992)	$	631,369

During 2019, the Company recognized an impairment charge of $1.0 million associated with Verigo software following a partnership agreement with a new technology provider. During the Company's annual impairment testing conducted for the year ended December 31, 2019, the Company accelerated the amortization of Ripelock developed technology based on the Company's remaining expected useful life of the technology. This resulted in an increase to amortization expense of $34.0 million.

At March 31, 2020, the weighted-average amortization periods remaining for developed technology, in-process R&D, customer relationships, software and other was 15.2, 12.6, 14.4, 1.3, and 2.3 years, respectively, and the weighted-average amortization period remaining for these finite-lived intangible assets was 14.9 years.

Estimated annual amortization expense for finite-lived intangible assets subsequent to March 31, 2020 is as follows:

(in thousands)	Amount
2020 (remaining)	$	34,097
2021	44,129
2022	43,297
2023	43,196
2024	43,196
Thereafter	383,360
Total	$	591,275

Amortization expense for intangible assets was $11.0 million and $11.6 million for the three months ended March 31, 2020 and 2019, respectively.