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GOODWILL AND INTANGIBLE ASSETS, NET | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2021 | Dec. 31, 2020
Rocket Lab USA, Inc. |  |
GOODWILL AND INTANGIBLE ASSETS, NET |
(9) | GOODWILL AND INTANGIBLE ASSETS, NET
Goodwill The following table presents the changes in the carrying amount of goodwill for the Space Systems reportable segment for the six months ended June 30, 2021:
Balance at December 31, 2020 |  | $ | 3,133 |
Foreign currency translation adjustment |  |  | 144 |
Balance at June 30, 2021 |  | $ | 3,277 |
Intangible Assets The components of intangible assets consisted of the following as of June 30, 2021:
|  | June 30, 2021 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Finite-Lived Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |
Developed technology |  | $ | 10,414 |  |  | $ | (1,748) |  |  | $ | 8,666 |
Capitalized software |  |  | 3,758 |  |  |  | (2,683 | ) |  |  | 1,075 |
Customer relationships |  |  | 679 |  |  |  | (266 | ) |  |  | 413 |
Non-compete agreement |  |  | 226 |  |  |  | (67 | ) |  |  | 159 |
Capitalized intellectual property |  |  | 225 |  |  |  | (66 | ) |  |  | 159 |
Trademarks and tradenames |  |  | 153 |  |  |  | (49 | ) |  |  | 104 |
Indefinite-Lived Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |
In-process research and development |  |  | 113 |  |  |  | — |  |  |  | 113 |
Total |  | $ | 15,568 |  |  | $ | (4,879 | ) |  | $ | 10,689 |
Amortization expense recorded in the condensed consolidated statements of operations and comprehensive loss during the six months ended June 30, 2021 and 2020, respectively consisted of the following:
|  | Six-Months Ended June 30, |
Amortization expense |  | 2021 |  |  | 2020 |
Cost of revenues. |  | $ | 236 |  |  | $ | 141 |
Research and development, net |  |  | 743 |  |  |  | 12 |
Selling, general and administrative |  |  | 313 |  |  |  | 513 |
Total amortization expense |  |  | 1,292 |  |  |  | 666 |
The following table outlines the estimated future amortization expense related to intangible assets held as of June 30, 2021:
2021 (for the remaining period) |  | $ | 1,190 |
2022 |  |  | 2,112 |
2023 |  |  | 1,768 |
2024 |  |  | 1,624 |
2025 |  |  | 1,523 |
Thereafter |  |  | 2,472 |
Total |  | $ | 10,689 |
9. | GOODWILL AND INTANGIBLE ASSETS, NET
Goodwill The following table presents the changes in the carrying amount of goodwill by reportable segment for the years ended December 31:
|  | Launch Services |  |  | Space Systems |  |  | Total |
Balance at December 31, 2019 |  | $ | — |  |  | $ | — |  |  | $ | — |
Acquisitions |  |  | — |  |  |  | 2,895 |  |  |  | 2,895 |
Foreign currency translation adjustment |  |  | — |  |  |  | 238 |  |  |  | 238 |
Balance at December 31, 2020 |  | $ | — |  |  | $ | 3,133 |  |  | $ | 3,133 |
Intangible Assets The components of intangible assets consisted of the following as of December 31:
|  | 2020 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Finite-Lived Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |
Developed technology |  | $ | 10,090 |  |  | $ | (973 | ) |  | $ | 9,117 |
Capitalized software |  |  | 3,541 |  |  |  | (2,379 | ) |  |  | 1,162 |
Customer relationships |  |  | 658 |  |  |  | (148 | ) |  |  | 510 |
Non-compete agreement |  |  | 219 |  |  |  | (37 | ) |  |  | 182 |
Capitalized intellectual property |  |  | 199 |  |  |  | (51 | ) |  |  | 148 |
Trademarks and tradenames |  |  | 149 |  |  |  | (29 | ) |  |  | 120 |
Backlog |  |  | 55 |  |  |  | (55 | ) |  |  | — |
Indefinite-Lived Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |
In-process research and development |  |  | 110 |  |  |  | — |  |  |  | 110 |
Total |  | $ | 15,021 |  |  | $ | (3,672 | ) |  | $ | 11,349 |
|  | 2019 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Finite-Lived Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |
Capitalized software |  | $ | 2,259 |  |  | $ | (1,118 | ) |  | $ | 1,141 |
Capitalized intellectual property |  |  | 329 |  |  |  | (141 | ) |  |  | 188 |
Total |  | $ | 2,588 |  |  | $ | (1,259 | ) |  | $ | 1,329 |
Amortization expense was approximately $2,222 and $746 during the years ended December 31, 2020 and 2019, respectively. The following table outlines the estimated future amortization expense related to finite intangible assets held as of December 31:
2021 |  | $ | 2,353 |
2022 |  |  | 2,040 |
2023 |  |  | 1,717 |
2024 |  |  | 1,533 |
2025 |  |  | 1,484 |
Thereafter |  |  | 2,112 |
Total |  | $ | 11,239 |

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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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