Intangible Assets and Goodwill

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

Intangible Assets and Goodwill

Goodwill

The following tables present goodwill information for the nine months ended September 30, 2020 (in thousands):

	As of December 31, 2019		Adjustment to Goodwill *		As of September 30, 2020
Total goodwill	$	183,465	$	(243)	$	183,222

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*    Working capital adjustments related to the acquisition of Northwest Logic.

	As of September 30, 2020
	Gross Carrying Amount		Accumulated Impairment Losses		Net Carrying Amount
Total goodwill	$	204,992	$	(21,770)	$	183,222

Intangible Assets, Net

The components of the Company’s intangible assets as of September 30, 2020 and December 31, 2019 were as follows:

		As of September 30, 2020
(In thousands)	Useful Life	Gross Carrying  Amount		Accumulated  Amortization		Net Carrying  Amount
Existing technology	3 to 10 years	$	262,789	$	(226,564)	$	36,225
Customer contracts and contractual relationships	0.5 to 10 years	36,293		(34,066)		2,227
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	$	(260,930)	$	41,052

		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 and nine months ended September 30, 2020, the Company did not purchase or sell any intangible assets.

Amortization expense for intangible assets for the three and nine months ended September 30, 2020 was $4.6 million and $13.8 million, respectively. Amortization expense for intangible assets for the three and nine months ended September 30, 2019 was $3.2 million and $13.1 million, respectively. The estimated future amortization of intangible assets as of September 30, 2020 was as follows (in thousands):

Years Ending December 31:	Amount
2020 (remaining three months)	$	4,565
2021	14,411
2022	7,444
2023	6,740
2024	5,292
Thereafter	—
Total amortizable purchased intangible assets	38,452
In-process research and development	2,600
Total intangible assets	$	41,052

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.