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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 The Company's intangible assets at December 31, 2019 and 2018 consisted of the following (in thousands):
December 31, 2019 | Weighted average amortization period (years) |  | Cost |  | Accumulated amortization |  | Net carrying value
In-process research and development | * |  | $ | 5,600 |  |  | $ | — |  |  | $ | 5,600 |
Developed technology | 6.79 |  | 188,880 |  |  | 100,760 |  |  | 88,120 |
Customer relationships | 9.46 |  | 152,140 |  |  | 33,350 |  |  | 118,790 |
Trade names | 5.20 |  | 2,000 |  |  | 1,144 |  |  | 856 |
Internal use software | 3.00 |  | 730 |  |  | 730 |  |  | — |
| 7.82 |  | $ | 349,350 |  |  | $ | 135,984 |  |  | $ | 213,366 |
December 31, 2018 | Weighted average amortization period (years) |  | Cost |  | Accumulated amortization |  | Net carrying value
In-process research and development | * |  | $ | 5,600 |  |  | $ | — |  |  | $ | 5,600 |
Developed technology | 6.91 |  | 182,880 |  |  | 63,187 |  |  | 119,693 |
Customer relationships | 9.44 |  | 146,940 |  |  | 22,218 |  |  | 124,722 |
Trade names | 5.20 |  | 2,000 |  |  | 624 |  |  | 1,376 |
Internal use software | 3.00 |  | 730 |  |  | 730 |  |  | — |
| 7.88 |  | $ | 338,150 |  |  | $ | 86,759 |  |  | $ | 251,391 |
* An in-process research and development intangible asset has an indefinite life until the product is generally available, at which time such asset is typically reclassified to developed technology. Amortization expense for intangible assets for the years ended December 31, 2019, 2018 and 2017 was as follows (in thousands):
| Year ended December 31, |  | Statement of operations classification
| 2019 |  | 2018 |  | 2017 |
Developed technology | $ | 37,573 |  |  | $ | 38,976 |  |  | $ | 18,358 |  |  | Cost of revenue - product
Customer relationships | 11,132 |  |  | 10,203 |  |  | 4,145 |  |  | Sales and marketing
Trade names | 520 |  |  | 544 |  |  | 80 |  |  | Sales and marketing
| $ | 49,225 |  |  | $ | 49,723 |  |  | $ | 22,583 |  |  |
In connection with the preparation of its financial statements for the fourth quarter of 2017, the Company reviewed its intangible assets and other long-lived assets for impairment indicators. The Company determined that a triggering event had occurred relative to one of its developed technology intangible assets that had been previously acquired. During 2017, the Company discontinued its ongoing development of this technology and determined that there were no alternative uses of the technology within either its existing or future product lines. As a result, the Company recorded an impairment charge of $5.5 million to write down the carrying value of the asset to zero. This expense is included as a component of Cost of revenue - product in the table above and in the Company's consolidated statement of operations for the year ended December 31, 2017. Estimated future amortization expense for the Company's intangible assets at December 31, 2019 was as follows (in thousands):
Years ending December 31, |
2020 | $ | 48,952 |
2021 | 43,495 |
2022 | 35,092 |
2023 | 27,271 |
2024 | 20,201 |
Thereafter | 38,355 |
| $ | 213,366 |
Goodwill is recorded when the consideration for an acquisition exceeds the fair value of net tangible and identifiable intangible assets acquired. The Company's annual testing for impairment of goodwill is completed as of November 30. The Company operates as a single operating segment with one reporting unit and consequently evaluates goodwill for impairment based on an evaluation of the fair value of the Company as a whole. Based on the results of the Company's 2019 annual impairment test, the Company determined that its carrying value exceeded its fair value and accordingly, the Company recorded an impairment charge of $164.3 million. The changes in the carrying value of the Company's goodwill in the years ended December 31, 2019 and 2018 were as follows (in thousands):
| Year ended December 31,
| 2019 |  | 2018
Balance at January 1 |  |  |
Goodwill | $ | 386,761 |  |  | $ | 338,822 |
Accumulated impairment losses | (3,106 | ) |  | (3,106 | )
| 383,655 |  |  | 335,716 |
Acquisition of Anova | 5,541 |  |  | — |
Acquisition of Edgewater | — |  |  | 48,053 |
Write-off of goodwill attributable to dissolved subsidiary | — |  |  | (114 | )
Impairment of goodwill | (164,300 | ) |  | — |
Balance at December 31 | $ | 224,896 |  |  | $ | 383,655 |
The components of goodwill at December 31, 2019 and 2018 were as follows (in thousands):
| December 31,
| 2019 |  | 2018
Goodwill | $ | 392,302 |  |  | $ | 386,761 |
Accumulated impairment losses | (167,406 | ) |  | (3,106 | )
| $ | 224,896 |  |  | $ | 383,655 |

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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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