XML 29 R18.htm IDEA: XBRL DOCUMENT v3.20.2
Goodwill and Intangible Assets, Net
 6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net
The changes in the carrying amount of goodwill for the six months ended June 30, 2020 were as follows:
Balance at December 31, 2019$63,754  
Impairment(9,635) 
Foreign currency translation adjustments3  
Balance at June 30, 2020$54,122  
The Company had $53,278 and $43,643 of cumulative impairment losses as of June 30, 2020 and December 31, 2019, respectively.
During the three and six months ended June 30, 2020, the Company recorded $9,635 of goodwill impairment in conjunction with the suspension of MBP Titan's operations. The Company estimated the fair value of MBP Titan using discounted cash flows and determined that the carrying value exceeded its estimated fair value, resulting in the impairment charge.
Intangible assets consist of the following as of June 30, 2020:
Gross Carrying AmountAccumulated AmortizationNet
Patents, developed technologies and know-how$90,686  $(29,603) $61,083  
Customer relationships10,850  (8,883) 1,967  
Trademarks5,900  (4,191) 1,709  
Total$107,436  $(42,677) $64,759  
Intangible assets consist of the following as of December 31, 2019:
Gross Carrying AmountAccumulated AmortizationNet
Patents, developed technologies and know-how$90,659  $(26,619) $64,040  
Customer relationships10,700  (8,440) 2,260  
Trademarks5,900  (3,854) 2,046  
Total$107,259  $(38,913) $68,346  
Amortization expense was $1,883 and $1,931 for the three months ended June 30, 2020 and 2019, respectively, and $3,762 and $4,097 for the six months ended June 30, 2020 and 2019, respectively.