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Intangible Assets and Goodwill | 12 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | Intangible Assets and Goodwill Goodwill The following tables present goodwill information for the years ended December 31, 2019 and December 31, 2018:
| December 31, 2018 |  | Additions to Goodwill (1) |  | Divestiture of Goodwill (2) |  | Effect of Exchange Rates (3) |  | December 31, 2019
| (In thousands)
Total goodwill | $ | 207,178 |  |  | $ | 30,322 |  |  | $ | (54,494 | ) |  | $ | 459 |  |  | $ | 183,465 |
______________________________________
(1) | In August 2019, the Company acquired Northwest Logic, Inc. (“Northwest Logic”), and in December 2019, the Company acquired the Secure Silicon IP and Protocols business from Verimatrix (the “Secure Silicon IP and Protocols business”), which resulted in the Company recognizing additional goodwill. Refer to Note 21, “Acquisitions,” for additional information.
(2) | Refer to Note 17, “Divestiture,” for additional information.
(3) | Effect of exchange rates relates to foreign currency translation adjustments for the period.
| As of December 31, 2019
| Gross Carrying Amount |  | Accumulated Impairment Losses |  | Net Carrying Amount
| (In thousands)
Total goodwill | $ | 205,235 |  |  | $ | (21,770 | ) |  | $ | 183,465 |
| December 31, 2017 |  | Effect of Exchange Rates (1) |  | December 31, 2018
| (In thousands)
Total goodwill | $ | 209,661 |  |  | $ | (2,483 | ) |  | $ | 207,178 |
______________________________________
(1) | Effect of exchange rates relates to foreign currency translation adjustments for the period.
| As of December 31, 2018
| Gross Carrying Amount |  | Accumulated Impairment Losses |  | Net Carrying Amount
| (In thousands)
Total goodwill | $ | 228,948 |  |  | $ | (21,770 | ) |  | $ | 207,178 |
Intangible Assets The components of the Company’s intangible assets as of December 31, 2019 and December 31, 2018 were as follows:
|  |  | As of December 31, 2019
| Useful Life |  | Gross Carrying Amount (1) (2) |  | Accumulated Amortization (1) (2) |  | Net Carrying Amount
|  |  | (In thousands)
Existing technology | 3 to 10 years |  | $ | 262,789 |  |  | $ | (213,354 | ) |  | $ | 49,435 |
Customer contracts and contractual relationships | 0.5 to 10 years |  | 36,293 |  |  | (33,428 | ) |  | 2,865 |
Non-compete agreements and trademarks | 3 years |  | 300 |  |  | (300 | ) |  | — |
IPR&D | Not applicable |  | 2,600 |  |  | — |  |  | 2,600 |
Total intangible assets |  |  | $ | 301,982 |  |  | $ | (247,082 | ) |  | $ | 54,900 |
_________________________________________
(1) | In October 2019, the Company disposed of approximately $20.7 million of net intangible assets in connection with the sale of the legal entities comprising the Company’s Payments and Ticketing businesses. Refer to Note 17, “Divestiture,” for additional information.
(2) | In August 2019, the Company acquired Northwest Logic, and in December 2019, the Company acquired the Secure Silicon IP and Protocols business, which resulted in the Company recognizing additional intangible assets. Refer to Note 21, “Acquisitions,” for additional information.
|  |  | As of December 31, 2018
| Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
|  |  | (In thousands)
Existing technology | 3 to 10 years |  | $ | 258,903 |  |  | $ | (213,824 | ) |  | $ | 45,079 |
Customer contracts and contractual relationships | 1 to 10 years |  | 67,667 |  |  | (54,410 | ) |  | 13,257 |
Non-compete agreements and trademarks | 3 years |  | 300 |  |  | (300 | ) |  | — |
IPR&D | Not applicable |  | 1,600 |  |  | — |  |  | 1,600 |
Total intangible assets |  |  | $ | 328,470 |  |  | $ | (268,534 | ) |  | $ | 59,936 |
During the year ended December 31, 2018, the Company acquired patents related to its memory technology for an immaterial amount. During the year ended December 31, 2018, the Company did not sell any intangible assets. Amortization expense for intangible assets for the years ended December 31, 2019, 2018, and 2017 was $17.1 million, $29.3 million, and $42.0 million, respectively. The estimated future amortization expense of intangible assets as of December 31, 2019 was as follows (amounts in thousands):
Years Ending December 31: | Amount
2020 | $ | 18,413 |
2021 | 14,411 |
2022 | 7,444 |
2023 | 6,740 |
2024 | 5,292 |
Thereafter | — |
Total amortizable purchased intangible assets | 52,300 |
IPR&D | 2,600 |
Total intangible assets | $ | 54,900 |

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