Intangible Assets and Goodwill

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The following tables present goodwill information for the three months ended March 31, 2020 (in thousands):



	As of December 31, 2019		Additions to Goodwill		As of March 31, 2020
Total goodwill	$	183,465	$	—	$	183,465



	As of
	March 31, 2020
	Gross Carrying Amount		Accumulated Impairment Losses			Net Carrying Amount
Total goodwill	$	205,235	$	(21,770	)	$	183,465

Intangible Assets, Net

The components of the Company’s intangible assets as of March 31, 2020 and December 31, 2019 were as follows:



		As of March 31, 2020
(In thousands)	Useful Life	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Existing technology	3 to 10 years	$	262,789	$	(217,767	)	$	45,022
Customer contracts and contractual relationships	0.5 to 10 years	36,293		(33,707		)	2,586
Non-compete agreements and trademarks	3 years	300		(300		)	—
In-process research and development	Not applicable	2,600		—			2,600
Total intangible assets		$	301,982	$	(251,774	)	$	50,208



		As of December 31, 2019
(In thousands)	Useful Life	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Existing technology	3 to 10 years	$	262,789	$	(213,354	)	$	49,435
Customer contracts and contractual relationships	0.5 to 10 years	36,293		(33,428		)	2,865
Non-compete agreements and trademarks	3 years	300		(300		)	—
In-process research and development	Not applicable	2,600		—			2,600
Total intangible assets		$	301,982	$	(247,082	)	$	54,900

During the three months ended March 31, 2020 and 2019, the Company did not purchase or sell any intangible assets.

Amortization expense for intangible assets for the three months ended March 31, 2020 and 2019 was $4.7 million and $5.0 million, respectively. The estimated future amortization of intangible assets as of March 31, 2020 was as follows (in thousands):



Years Ending December 31:	Amount
2020 (remaining nine months)	$	13,721
2021	14,411
2022	7,444
2023	6,740
2024	5,292
Thereafter	—
Total amortizable purchased intangible assets	$	47,608
In-process research and development	2,600
Total intangible assets	$	50,208

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 of its reporting unit 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.