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Goodwill and Acquired Intangibles | 3 Months Ended
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Mar. 28, 2020
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 three months ended March 28, 2020 were as follows:
| Gross Carrying Amount
| (In thousands)
Balance as of December 28, 2019 | $ | 661,856 |
Goodwill resulting from acquisitions | 119,085 |
Effect of foreign currency translation | (1,949 | )
Balance as of March 28, 2020 | $ | 778,992 |
Acquired Intangibles, Net Acquired intangibles as of March 28, 2020 were as follows, excluding intangibles that were fully amortized as of December 28, 2019:
| Gross Carrying Amount |  | Accumulated Amortization |  | Acquired Intangibles, Net
| (In thousands)
Existing technology | $ | 350,238 |  |  | $ | (196,159 | ) |  | $ | 154,079 |
Agreements and relationships | 179,985 |  |  | (99,581 | ) |  | 80,404 |
Tradenames, trademarks and patents | 10,590 |  |  | (5,956 | ) |  | 4,634 |
Total acquired intangibles with definite lives | 540,813 |  |  | (301,696 | ) |  | 239,117 |
In-process technology | 19,500 |  |  | — |  |  | 19,500 |
Total acquired intangibles | $ | 560,313 |  |  | $ | (301,696 | ) |  | $ | 258,617 |
In-process technology as of March 28, 2020 consisted of acquired projects that, if completed, will contribute to Cadence’s design IP offerings. As of March 28, 2020, these projects were expected to be completed during the second quarter of fiscal 2020. During the three months ended March 28, 2020, there were no transfers from in-process technology to existing technology. Acquired intangibles as of December 28, 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 | $ | 363,142 |  |  | $ | (245,902 | ) |  | $ | 117,240 |
Agreements and relationships | 146,395 |  |  | (112,565 | ) |  | 33,830 |
Tradenames, trademarks and patents | 7,600 |  |  | (5,795 | ) |  | 1,805 |
Total acquired intangibles with definite lives | 517,137 |  |  | (364,262 | ) |  | 152,875 |
In-process technology | 19,500 |  |  | — |  |  | 19,500 |
Total acquired intangibles | $ | 536,637 |  |  | $ | (364,262 | ) |  | $ | 172,375 |
Amortization expense from existing technology and maintenance agreements is included in cost of product and maintenance. Amortization of acquired intangibles for the three months ended March 28, 2020 and March 30, 2019 was as follows:
| Three Months Ended
| March 28, 2020 |  | March 30, 2019
| (In thousands)
Cost of product and maintenance | $ | 10,860 |  |  | $ | 9,854 |
Amortization of acquired intangibles | 4,206 |  |  | 3,308 |
Total amortization of acquired intangibles | $ | 15,066 |  |  | $ | 13,162 |
Estimated amortization expense for acquired intangible assets with definite lives for the following five fiscal years and thereafter is as follows:
| (In thousands)
2020 - remaining period | $ | 46,690 |
2021 | 57,598 |
2022 | 39,292 |
2023 | 23,762 |
2024 | 22,299 |
Thereafter | 49,476 |
Total estimated amortization expense | $ | 239,117 |

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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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