Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible AssetsChanges in the carrying amount of goodwill for the six months ended June 30, 2020 and the year ended December 31, 2019 were as follows:

(in thousands)	June 30, 2020		December 31, 2019
Beginning balance	$	6,323	$	6,670
Foreign currency translation	28		(347)
Ending balance	$	6,351	$	6,323

The Company’s intangible assets at June 30, 2020 and December 31, 2019 consisted of the following:

	June 30, 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	$	757,866	$	(225,134)	$	—	$	532,732	$	758,760	$	(206,998)	$	—	$	551,762
In-process research and development	39,000		(8,306)		—		30,694		39,000		(7,222)		—		31,778
Trade name	27,011		—		—		27,011		27,200		—				27,200
Service provider network	2,000		—		—		2,000		2,000		—		—		2,000
Customer relationships	18,153		(3,109)		—		15,044		18,058		(2,993)		—		15,065
Software	9,757		(7,726)		—		2,031		9,861		(5,347)		(992)		3,522
Other	100		(67)		—		33		100		(58)		—		42
Total intangible assets	$	853,887	$	(244,342)	$	—	$	609,545	$	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 June 30, 2020, the weighted-average amortization periods remaining for developed technology, in-process R&D, customer relationships, software and other was 15.0, 14.3, 12.4, 1.1, and 2.0 years, respectively, and the weighted-average amortization period remaining for these finite-lived intangible assets was 14.8 years.

Estimated annual amortization expense for finite-lived intangible assets subsequent to June 30, 2020 is as follows:

(in thousands)	Amount
2020 (remaining)	$	21,665
2021	41,649
2022	40,820
2023	40,720
2024	40,720
Thereafter	394,960
Total	$	580,534

Amortization expense for intangible assets was $10.9 million and $11.8 million for the three months ended June 30, 2020 and 2019, respectively, and $21.9 million and $23.4 million for the six months ended June 30, 2020 and 2019, respectively.