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INTANGIBLE ASSETS AND GOODWILL | 9 Months Ended
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Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS AND GOODWILL | INTANGIBLE ASSETS AND GOODWILL The Company's intangible assets at September 30, 2020 and December 31, 2019 consisted of the following (in thousands):
September 30, 2020 | Weighted average amortization period (years) |  | Cost |  | Accumulated amortization |  | Net carrying value
In-process research and development | * |  | $ | 39,600 |  |  | $ | — |  |  | $ | 39,600 |
Developed technology | 7.95 |  | 300,780 |  |  | 132,307 |  |  | 168,473 |
Customer relationships | 11.86 |  | 268,140 |  |  | 46,231 |  |  | 221,909 |
Trade names | 3.88 |  | 5,000 |  |  | 2,068 |  |  | 2,932 |
Internal use software | 3.00 |  | 730 |  |  | 730 |  |  | — |
| 9.10 |  | $ | 614,250 |  |  | $ | 181,336 |  |  | $ | 432,914 |
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 |
* 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 three and nine months ended September 30, 2020 and 2019 was as follows (in thousands):
| Three months ended |  | Nine months ended |  | Statement of operations classification
| September 30, 2020 |  | September 30, 2019 |  | September 30, 2020 |  | September 30, 2019 |
Developed technology | $ | 11,643 |  |  | $ | 9,522 |  |  | $ | 31,547 |  |  | $ | 29,259 |  |  | Cost of revenue - product
Customer relationships | 4,313 |  |  | 2,608 |  |  | 12,881 |  |  | 7,145 |  |  | Sales and marketing
Trade names | 393 |  |  | 130 |  |  | 924 |  |  | 425 |  |  | Sales and marketing
| $ | 16,349 |  |  | $ | 12,260 |  |  | $ | 45,352 |  |  | $ | 36,829 |  |  |
Estimated future amortization expense for the Company's intangible assets at September 30, 2020 was as follows (in thousands):
Years ending December 31, |
Remainder of 2020 | $ | 15,619 |
2021 | 66,689 |
2022 | 59,700 |
2023 | 52,306 |
2024 | 44,098 |
2025 | 36,999 |
Thereafter | 157,503 |
| $ | 432,914 |
The changes in the carrying value of the Company's goodwill in the nine months ended September 30, 2020 and 2019 were as follows (in thousands):
Balance at January 1 | 2020 |  | 2019
Goodwill | $ | 392,302 |  |  | $ | 386,761 |
Accumulated impairment losses | (167,406) |  |  | (3,106) |
| 224,896 |  |  | 383,655 |
Acquisition of ECI | 191,996 |  |  | — |
Acquisition of Anova | — |  |  | 5,541 |
Balance at September 30 | $ | 416,892 |  |  | $ | 389,196 |
Balance at September 30 |  |  |
Goodwill | $ | 584,298 |  |  | $ | 392,302 |
Accumulated impairment losses | (167,406) |  |  | (3,106) |
| $ | 416,892 |  |  | $ | 389,196 |

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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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