Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

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


(in thousands)	September 30, 2020		December 31, 2019
Beginning balance	$	6,323	$	6,670
Foreign currency translation	282		(347)
Ending balance	$	6,605	$	6,323

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


	September 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	$	798,240	$	(244,918)	$	—	$	553,322	$	758,760	$	(206,998)	$	—	$	551,762
In-process research and development	—		—		—		—		39,000		(7,222)		—		31,778
Trade name	27,158		—		—		27,158		27,200		—				27,200
Service provider network	2,000		—		—		2,000		2,000		—		—		2,000
Customer relationships	18,551		(3,548)		—		15,003		18,058		(2,993)		—		15,065
Software	10,691		(8,967)		—		1,724		9,861		(5,347)		(992)		3,522

Other	100		(71)		—		29		100		(58)		—		42
Total intangible assets	$	856,740	$	(257,504)	$	—	$	599,236	$	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 September 30, 2020, the weighted-average amortization periods remaining for developed technology, in-process R&D, customer relationships, software and other was 14.8, 14.0, 12.1, 1.0, and 1.8 years, respectively, and the weighted-average amortization period remaining for these finite-lived intangible assets was 14.6 years.

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


(in thousands)	Amount
2020 (remaining)	$	12,045
2021	41,730
2022	40,893
2023	40,791
2024	40,791
Thereafter	393,828
Total	$	570,078

Amortization expense for intangible assets was $11.0 million and $11.8 million for the three months ended September 30, 2020 and 2019, respectively, and $32.9 million and $35.1 million for the nine months ended September 30, 2020 and 2019, respectively.