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Intangible Assets and Goodwill | 6 Months Ended
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Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | Intangible Assets and Goodwill Goodwill The following tables present goodwill information for the six months ended June 30, 2020 (in thousands):
| As of December 31, 2019 |  | Adjustment to Goodwill * |  |  |  |  |  |  |  | As of June 30, 2020
Total goodwill | $ | 183,465 |  |  | $ | (243) |  |  |  |  |  |  |  |  | $ | 183,222 |
_________________________________________ * Working capital adjustments related to the acquisition of Northwest Logic.
| As of June 30, 2020 |  |  |  |  |  |
| Gross Carrying Amount |  | Accumulated Impairment Losses |  |  |  | Net Carrying Amount
Total goodwill | $ | 204,992 |  |  | $ | (21,770) |  |  |  |  | $ | 183,222 |
Intangible Assets, Net The components of the Company’s intangible assets as of June 30, 2020 and December 31, 2019 were as follows:
|  |  | As of June 30, 2020 |  |  |  |  |  |
(In thousands) | Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  |  |  | Net Carrying Amount
Existing technology | 3 to 10 years |  | $ | 262,789 |  |  | $ | (222,171) |  |  |  |  | $ | 40,618 |
Customer contracts and contractual relationships | 0.5 to 10 years |  | 36,293 |  |  | (33,887) |  |  |  |  | 2,406 |
Non-compete agreements and trademarks | 3 years |  | 300 |  |  | (300) |  |  |  |  | — |
In-process research and development | Not applicable |  | 2,600 |  |  | — |  |  |  |  | 2,600 |
Total intangible assets |  |  | $ | 301,982 |  |  | $ | (256,358) |  |  |  |  | $ | 45,624 |
|  |  | As of December 31, 2019 |  |  |  |
(In thousands) | Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
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) |  |  | — |
In-process research and development | Not applicable |  | 2,600 |  |  | — |  |  | 2,600 |
Total intangible assets |  |  | $ | 301,982 |  |  | $ | (247,082) |  |  | $ | 54,900 |
During the three and six months ended June 30, 2020, the Company did not purchase or sell any intangible assets. Amortization expense for intangible assets for the three and six months ended June 30, 2020 was $4.6 million and $9.3 million, respectively. Amortization expense for intangible assets for the three and six months ended June 30, 2019 was $4.9 million and $9.9 million, respectively. The estimated future amortization of intangible assets as of June 30, 2020 was as follows (in thousands):
Years Ending December 31: |  | Amount
2020 (remaining six months) |  | $ | 9,137 |
2021 |  | 14,411 |
2022 |  | 7,444 |
2023 |  | 6,740 |
2024 |  | 5,292 |
Thereafter |  | — |
Total amortizable purchased intangible assets |  | 43,024 |
In-process research and development |  | 2,600 |
Total intangible assets |  | $ | 45,624 |
It is reasonably possible that the businesses could perform significantly below the Company’s expectations or a deterioration of market and economic conditions could occur. This would adversely impact the Company’s ability to meet its projected results, which could cause the goodwill of its reporting unit or long-lived assets in any of its asset groups to become impaired. Significant differences between these estimates and actual cash flows could materially affect the Company’s future financial results. If the Company determines that its goodwill or long-lived assets are impaired, it would be required to record a non-cash charge that could have a material adverse effect on its results of operations and financial position.

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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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