Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The Company assesses the recoverability of the carrying value of goodwill on a reporting unit basis on October 1 of each year, whenever events occur or changes in circumstances indicate the carrying value of goodwill may not be recoverable. There have been no events or changes in circumstances that would indicate the carrying value of goodwill may not be recoverable through June 30, 2019.

Changes in goodwill during the six months ended June 30, 2019 and the year ended December 31, 2018

were as follows:


	Goodwill
Goodwill balance at December 31, 2017	$	471
Foreign currency translation	(1)
Goodwill balance at December 31, 2018	$	470
Foreign currency translation	19
Goodwill balance at June 30, 2019	$	489

Intangible Assets

The following sets forth the major categories of the Company’s intangible assets and the weighted-average remaining amortization period as of June 30, 2019 and December 31, 2018.


	June 30, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Remaining Amortization Period (Years)
Trademarks and Technology	$	40,279	$	(9,572)	$	30,707	11.3
Product acquisition costs	13,232		—		13,232		N/A- See description below
In process research and development ("IPR&D")	400		—		400		N/A- See description below
Customer relationships	3,655		(1,320)		2,335		6.4
Total	$	57,566	$	(10,892)	$	46,674


	December 31, 2018
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Remaining Amortization Period (Years)
Trademarks and Technology	$	40,169	$	(8,239)	$	31,930	11.8
Product acquisition costs	13,308		—		13,308		N/A- See description below
In-process research and development ("IPR&D")	719		—		719		N/A- See description below
Customer relationships	3,557		(1,139)		2,418		6.9
Total	$	57,753	$	(9,378)	$	48,375

The useful lives of the Company’s intangibles are as follows:


Intangibles Category			Amortizable Life
Product Acquisition Costs			10 years
Trademarks and Technology			15 years
Customer Relationships			10 years

IPR&D and Product Acquisition costs will be amortized over their estimated useful lives once products are commercialized.