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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
Changes in goodwill during the two years ended December 31, 2019 and December 31, 2018 were as follows (in thousands):
 Goodwill
January 1, 2018$471  
Foreign currency translation(1) 
December 31, 2018470  
Foreign currency translation21  
December 31, 2019$491  
Finite and Indefinite Lived Intangible Assets
The following sets forth the major categories of the Company’s intangible assets and the weighted-average remaining amortization period as of December 31, 2019 and December 31, 2018 for those assets that are not already fully amortized (in thousands):
 
December 31, 2019
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Weighted Average
Remaining Amortization
Period
Trademarks and Technology$39,943  $(10,885) $29,058  10.8
Product acquisition costs13,103  —  13,103  N/A - See description below
In-process research and development
(“IPR&D”)
327  —  327   N/A - See description below
Customer relationships3,658  (1,501) 2,157  5.9
Total$57,031  $(12,386) $44,645   

December 31, 2018
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Weighted Average
Remaining Amortization
Period
Trademarks and Technology$40,169  $(8,239) $31,930  11.8
Product acquisition costs13,308  —  13,308  N/A - See description below
In-process research and development
(“IPR&D”)
719  —  719   N/A - See description below
Customer relationships3,557  (1,139) 2,418  6.9
Total$57,753  $(9,378) $48,375   
Changes in Intangible Assets Other Than Goodwill
Changes in intangibles during the year ended December 31, 2019 were as follows (in thousands):

Product Acquisition CostsTrademarks and
Technology
IPR&DCustomer
Relationships
Balance at December 31, 2018$13,308  $31,930  $719  $2,418  
Amortization—  (2,646) —  (362) 
Intangible assets placed in service—  301  (301) —  
Foreign currency translation(205) (527) (91) 101  
Balance at December 31, 2019$13,103  $29,058  $327  $2,157  
Finite-Lived Intangible Assets Future Amortization Expense Assuming no additions, disposals or adjustments are made to the carrying values and/or useful lives of the intangible assets, annual amortization expense on trademarks and technology and customer relationships for each of the following years is estimated to be as follows (in thousands):
Year ending December 31,Amortization Expense *
2020$3,008  
20213,008  
20223,008  
20233,008  
20243,008  
Thereafter16,175  
Total$31,215  
 
*IPR&D and Product Acquisition Costs are not included in the table.
Finite-Lived Intangible Assets Useful Lives
The useful lives of the Company’s intangible assets are as follows:
Intangibles Category Amortizable Life
Product Acquisition Costs 10 years
Trademarks & Technology15 years
Customer Relationships 10 years