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GOODWILL AND INTANGIBLE ASSETS, NET (Tables) - Rocket Lab USA, Inc. | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2021 | Dec. 31, 2020
Schedule of Changes in the Carrying Amount of 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 |
| 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 |
Components of 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 |
| 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 |
Summary of Amortization expense | 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 |
Schedule of Estimated Future Amortization Expense Related to Finite Intangible Assets | 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 |
| 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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