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Intangible Asset and Goodwill
 6 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Asset and Goodwill Intangible Assets and Goodwill
Goodwill
The following tables present goodwill information for each of the reportable segments for the six months ended June 30, 2019:
Reportable Segment:
As of December 31, 2018
 
Reclassifications to
Assets Held for Sale
 (1)
 
Effect of
Exchange Rates
 (2)
 
As of June 30, 2019
 
 
MID
$
66,643

 
$
—

 
$
—

 
$
66,643

RSD
140,535

 
(53,882
)
 
(152
)
 
86,501

Total
$
207,178

 
$
(53,882
)
 
$
(152
)
 
$
153,144

______________________________________
(1)
Refer to Note 16, "Assets and Liabilities Held for Sale," for additional information.
(2)
Effect of exchange rates relates to foreign currency translation adjustments for the period.

 
As of
 
June 30, 2019
Reportable Segment:
Gross Carrying Amount
 
Accumulated Impairment Losses
 
Reclassifications to
Assets Held for Sale
(1)
 
Net Carrying Amount
 
(In thousands)
MID
$
66,643

 
$
—

 
$
—

 
$
66,643

RSD
140,383

 
—

 
(53,882
)
 
86,501

Other
21,770

 
(21,770
)
 
—

 
—

Total
$
228,796

 
$
(21,770
)
 
$
(53,882
)
 
$
153,144


______________________________________
(1)
Refer to Note 16, "Assets and Liabilities Held for Sale," for additional information.

Intangible Assets, Net
The components of the Company’s intangible assets as of June 30, 2019 and December 31, 2018 were as follows:
 
 
 
As of June 30, 2019
 
Useful Life
 
Gross Carrying
 Amount (1)
 
Accumulated
 Amortization (1)
 
Net Carrying
 Amount
 
 
 
(In thousands)
Existing technology
3 to 10 years
 
$
234,620

 
$
(208,188
)
 
$
26,432

Customer contracts and contractual relationships
1 to 10 years
 
34,693

 
(32,977
)
 
1,716

Non-compete agreements and trademarks
3 years
 
300

 
(300
)
 
—

In-process research and development
Not applicable
 
1,600

 
—

 
1,600

Total intangible assets
 
 
$
271,213


$
(241,465
)
 
$
29,748

_________________________________________
(1)
As of June 30, 2019, the Company had reclassified approximately $19.8 million of net intangible assets related to the RSD segment to assets held for sale. Refer to Note 16, "Assets and Liabilities Held for Sale," for additional information.

 
 
 
As of December 31, 2018
 
Useful Life
 
Gross Carrying
 Amount (1)
 
Accumulated
 Amortization (1)
 
Net Carrying
 Amount
 
 
 
(In thousands)
Existing technology
3 to 10 years
 
$
258,903

 
$
(213,824
)
 
$
45,079

Customer contracts and contractual relationships
1 to 10 years
 
67,667

 
(54,410
)
 
13,257

Non-compete agreements and trademarks
3 years
 
300

 
(300
)
 
—

In-process research and development
Not applicable
 
1,600

 
—

 
1,600

Total intangible assets
 
 
$
328,470

 
$
(268,534
)
 
$
59,936


_________________________________________
(1)
The changes in gross carrying amount and accumulated amortization reflect the effects of exchange rates during the period.

During the three and six months ended June 30, 2019 and 2018, the Company did not purchase or sell any intangible assets.

Included in customer contracts and contractual relationships are favorable contracts which are acquired software and service agreements where the Company has no performance obligations. Cash received from these acquired favorable contracts reduces the favorable contract intangible asset. For the three months ended June 30, 2019 and 2018, the Company received $0.2 million and $0.3 million, respectively, related to the favorable contracts. For the six months ended June 30, 2019 and 2018, the Company received $0.7 million and $1.0 million, respectively, related to the favorable contracts. As of June 30, 2019, the net balance of the favorable contract intangible assets was classified as an asset held for sale. Refer to Note 16, "Assets and Liabilities Held for Sale," for additional information. As of December 31, 2018, the net balance of the favorable contract intangible assets was $0.9 million.
Amortization expense for intangible assets for the three and six months ended June 30, 2019 was $4.9 million and $9.9 million, respectively. Amortization expense for intangible assets for the three and six months ended June 30, 2018 was $8.7 million and $19.3 million, respectively. The estimated future amortization of intangible assets as of June 30, 2019 was as follows (amounts in thousands):
Years Ending December 31:
Amount
2019 (remaining 6 months)
$
5,968

2020
11,905

2021
8,078

2022
1,261

2023
740

Thereafter
196

Total amortizable purchased intangible assets
$
28,148

In-process research and development
1,600

Total intangible assets
$
29,748



It is reasonably possible that the businesses could perform significantly below the Company's expectations or a deterioration of market and economic conditions could occur. This would adversely impact the Company's ability to meet its projected results, which could cause the goodwill in any of its reporting units or long-lived assets in any of its asset groups to become impaired. Significant differences between these estimates and actual cash flows could materially affect the Company's future financial results. If the Company determines that its goodwill or long-lived assets are impaired, it would be required to record a non-cash charge that could have a material adverse effect on its results of operations and financial position.