Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Changes in Carrying Value of Goodwill

The following table represents the changes in the carrying value of goodwill for the years ended December 31, 2019 and 2018 (amounts in thousands):

Balance as of December 31, 2017	$	327,333
Goodwill adjustment related to Spectrum Lifesciences, LLC acquisition		203
Cumulative translation adjustment		(801	)
Balance as of December 31, 2018	$	326,735
Acquisition of C Technologies, Inc.		142,021
Cumulative translation adjustment		(343	)
Balance as of December 31, 2019	$	468,413

(1) In December 2019, the Company recorded a deferred tax asset for the C Technologies acquisition of $0.9 million as an adjustment to goodwill. 

Intangible assets

Intangible assets, net consisted of the following at December 31, 2019:

	December 31, 2019
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (in years)
	(Amounts in thousands)
Finite-lived intangible assets:
Technology - developed	$	82,169	$	(9,669	)	$	72,500		19
Patents		240		(240	)		—		8
Customer relationships		160,825		(25,642	)		135,183		15
Trademarks		3,752		(333	)		3,419		20
Other intangibles		1,697		(947	)		750		3
Total finite-lived intangible assets		248,683		(36,831	)		211,852		16
Indefinite-lived intangible asset:
Trademarks		700		—			700		—
Total intangible assets	$	249,383	$	(36,831	)	$	212,552

Intangible assets consisted of the following at December 31, 2018:

	December 31, 2018
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (in years)
	(Amounts in thousands)
Finite-lived intangible assets:
Technology - developed	$	53,315	$	(5,942	)	$	47,373		19
Patents		240		(240	)		—		8
Customer relationships		101,460		(16,609	)		84,851		14
Trademarks		2,160		(159	)		2,001		20
Other intangibles		1,061		(548	)		513		3
Total finite-lived intangible assets		158,236		(23,498	)		134,738		16
Indefinite-lived intangible asset:
Trademarks		700		—			700		—
Total intangible assets	$	158,936	$	(23,498	)	$	135,438

Schedule of Amortization Expense for Amortized Intangible Assets

As of December 31, 2019, the Company expects to record the following amortization expense (amounts in thousands):

	Estimated
	Amortization
For the Years Ended December 31,	Expense
2020	$	15,288
2021		14,813
2022		14,811
2023		14,715
2024		14,273
2025 and thereafter		137,952
Total	$	211,852