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Note 8 - Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2019
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] |
8 . | Goodwill and Intangible Assets
Goodwill The following table represents the changes in the carrying value of goodwill for the year ended December 31, 2019:
(In thousands) |  | Goodwill |
Balance as of December 31, 2018 |  | $ | — |
Goodwill related to Astero acquisition |  |  | 9,515 |
Goodwill related to SAVSU acquisition |  |  | 21,037 |
Goodwill related to CBS acquisition |  |  | 3,085 |
Balance as of December 31, 2019 |  | $ | 33,637 |
Intangible Assets Intangible assets, net consisted of the following at December 31, 2019:
(In thousands, except weighted average useful life) |  | December 31, 2019 |  |  |  |  |
Finite-lived intangible assets: |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |  |  | Weighted Average Useful Life (in years) |
Customer Relationships |  | $ | 800 |  |  | $ | (51 | ) |  | $ | 749 |  |  |  | 5.6 |
Tradenames |  |  | 2,590 |  |  |  | (123 | ) |  |  | 2,467 |  |  |  | 8.1 |
Technology – acquired |  |  | 19,020 |  |  |  | (904 | ) |  |  | 18,116 |  |  |  | 8.4 |
In-process R&D (1) |  |  | 650 |  |  |  | — |  |  |  | 650 |  |  |  | 9.0 |
Total intangible assets |  | $ | 23,060 |  |  | $ | (1,078 | ) |  | $ | 21,982 |  |  |  | 8.3 |
( 1 ) In-process R&D represents the fair value of incomplete research and development that has not yet reached technological feasibility. We will amortize the asset upon technological feasibility, which has been placed in service in the second quarter of 2020. Amortization expense for finite-lived intangible assets was $1.1 million for the year ended December 31, 2019. In-process research and development was put into service in the second quarter of 2020, as such we have included the amortization in the schedule below based on an estimated life of 9 years. As of December 31, 2019, the Company expects to record the following amortization expense:
(In thousands) For the Years Ended December 31, |  | Estimated Amortization Expense |
2020 |  | $ | 2,788 |
2021 |  |  | 2,825 |
2022 |  |  | 2,825 |
2023 |  |  | 2,795 |
2024 |  |  | 2,770 |
Thereafter |  |  | 7,979 |
Total |  | $ | 21,982 |

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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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