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Intangible Assets and Goodwill
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill
Note 9. Intangible Assets and Goodwill
Intangible Assets, Net
The components of intangible assets were as follows (in thousands, except for useful life):
Balance at December 31, 2022
Balance at December 31, 2021
Weighted-
Average Useful
Lives (Years)
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Finite-lived intangible assets:
Licensed IP12.5$271,000$141,781$129,219$271,000$120,245$150,755
Amortization expense was $21.5 million for the years ended December 31, 2022, 2021 and 2020 and is recorded in cost of product revenues on the consolidated statement of operations. Estimated aggregate amortization expense based on the current carrying value of amortizable intangible assets will be as follows for the years ending December 31 (in thousands):
20232024202520262027Thereafter
Amortization expense$21,536$21,536$21,536$21,536$21,536$21,539
Goodwill
There were no changes to the carrying amount of goodwill for the years ended December 31, 2022 and