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Goodwill and Acquired Intangibles | 6 Months Ended
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Jun. 29, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND ACQUIRED INTANGIBLES | GOODWILL AND ACQUIRED INTANGIBLES Goodwill The changes in the carrying amount of goodwill during the six months ended June 29, 2019 were as follows:
| Gross Carrying Amount
| (In thousands)
Balance as of December 29, 2018 | $ | 662,272 |
Effect of foreign currency translation | 441 |
Balance as of June 29, 2019 | $ | 662,713 |
Acquired Intangibles, Net Acquired intangibles as of June 29, 2019 were as follows, excluding intangibles that were fully amortized as of December 29, 2018:
| Gross Carrying Amount |  | Accumulated Amortization |  | Acquired Intangibles, Net
| (In thousands)
Existing technology | $ | 363,143 |  |  | $ | (226,643 | ) |  | $ | 136,500 |
Agreements and relationships | 146,452 |  |  | (106,822 | ) |  | 39,630 |
Tradenames, trademarks and patents | 7,600 |  |  | (5,390 | ) |  | 2,210 |
Total acquired intangibles with definite lives | 517,195 |  |  | (338,855 | ) |  | 178,340 |
In-process technology | 19,500 |  |  | — |  |  | 19,500 |
Total acquired intangibles | $ | 536,695 |  |  | $ | (338,855 | ) |  | $ | 197,840 |
In-process technology as of June 29, 2019 consisted of acquired projects that, if completed, will contribute to Cadence’s design IP offerings. As of June 29, 2019, these projects were expected to be completed in approximately nine months. During the six months ended June 29, 2019, Cadence completed certain projects previously included in in-process technology and transferred $52.0 million to existing technology. Acquired intangibles as of December 29, 2018 were as follows, excluding intangibles that were fully amortized as of December 30, 2017:
| Gross Carrying Amount |  | Accumulated Amortization |  | Acquired Intangibles, Net
| (In thousands)
Existing technology | $ | 330,500 |  |  | $ | (225,383 | ) |  | $ | 105,117 |
Agreements and relationships | 146,426 |  |  | (100,211 | ) |  | 46,215 |
Tradenames, trademarks and patents | 10,718 |  |  | (8,093 | ) |  | 2,625 |
Total acquired intangibles with definite lives | 487,644 |  |  | (333,687 | ) |  | 153,957 |
In-process technology | 71,500 |  |  | — |  |  | 71,500 |
Total acquired intangibles | $ | 559,144 |  |  | $ | (333,687 | ) |  | $ | 225,457 |
Amortization expense from existing technology and maintenance agreements is included in cost of product and maintenance. Amortization of acquired intangibles for the three and six months ended June 29, 2019 and June 30, 2018 was as follows:
| Three Months Ended |  | Six Months Ended
| June 29, 2019 |  | June 30, 2018 |  | June 29, 2019 |  | June 30, 2018
| (In thousands)
Cost of product and maintenance | $ | 11,299 |  |  | $ | 9,991 |  |  | $ | 21,153 |  |  | $ | 20,268 |
Amortization of acquired intangibles | 3,159 |  |  | 3,518 |  |  | 6,467 |  |  | 7,148 |
Total amortization of acquired intangibles | $ | 14,458 |  |  | $ | 13,509 |  |  | $ | 27,620 |  |  | $ | 27,416 |
Estimated amortization expense for acquired intangible assets with definite lives for the following five fiscal years and thereafter is as follows:
| (In thousands)
2019 – remaining period | $ | 25,461 |
2020 | 49,422 |
2021 | 44,758 |
2022 | 26,453 |
2023 | 13,967 |
Thereafter | 18,279 |
Total estimated amortization expense | $ | 178,340 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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