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Goodwill and Intangible Assets, net | 9 Months Ended
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Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, net | Goodwill and Intangible Assets, net In connection with our acquisition of DVS Sciences, Inc. in February 2014, we recognized goodwill of $104.1 million and $112.0 million of developed technology. In the first quarter of 2020, we recognized $2.2 million (Euro 2.0 million) of goodwill from the InstruNor acquisition and $5.4 million (Euro 4.9 million) of developed technology (see Note 3). As the goodwill and developed technology from the InstruNor acquisition are recorded in the functional currency of our European operations, which is the Euro, these balances are revalued each period and the U.S. dollar value of these assets will fluctuate as foreign exchange rates change. We are amortizing InstruNor developed technology over 8.0 years. Goodwill and intangible assets with indefinite lives are not subject to amortization but are tested for impairment on an annual basis during the fourth quarter or whenever events or changes in circumstances indicate the carrying amount of these assets may not be recoverable. Qualitative assessment includes assessing significant events and circumstances such as our current results, assumptions regarding future performance, strategic initiatives and overall economic factors, including the ongoing global COVID-19 pandemic and macroeconomic developments to determine the existence of potential indicators of impairment and assess if it is more likely than not that the fair value of our reporting unit or intangible assets is less than their carrying value. If indicators of impairment are identified, a quantitative impairment test is performed. During the first quarter of fiscal 2020, the Company assessed whether the current and potential future impact of the COVID-19 pandemic represented an event which necessitated an impairment review. This assessment included an update of the qualitative and quantitative factors affecting our business. As a result of this assessment, we determined that a triggering event had occurred and a quantitative impairment test was performed. As a result of this quantitative analysis, we determined that the fair values of our goodwill and developed technology intangibles were not less than their carrying values and no impairment was recognized. Intangible assets also include other patents and licenses, which are included in other non-current assets. Intangible assets, net, were as follows (in thousands):
| September 30, 2020
|  | Gross Amount |  | Accumulated Amortization and Translation |  | Net |  | Weighted-Average Amortization Period
Developed technology |  | $ | 117,380 |  |  | $ | (74,425) |  |  | $ | 42,955 |  |  | 9.9 years
Patents and licenses |  | $ | 11,274 |  |  | $ | (9,030) |  |  | $ | 2,244 |  |  | 7.8 years
|  | December 31, 2019
|  | Gross Amount |  | Accumulated Amortization and Translation |  | Net |  | Weighted-Average Amortization Period
Developed technology |  | $ | 112,000 |  |  | $ | (65,800) |  |  | $ | 46,200 |  |  | 10.0 years
Patents and licenses |  | $ | 11,274 |  |  | $ | (8,342) |  |  | $ | 2,932 |  |  | 7.8 years
Total amortization expense for the three months ended September 30, 2020 and 2019 was $3.2 million and $3.0 million, respectively. Amortization of intangibles was $9.6 million and $9.2 million for the nine months ended September 30, 2020 and 2019, respectively. Based on the carrying value of intangible assets, net, as of September 30, 2020, the amortization expense is expected to be as follows (in thousands):
Fiscal Year | Developed Technology Amortization Expense |  | Patents and Licenses Amortization Expense |  | Total
2020 (remainder of the year) | $ | 2,978 |  |  | $ | 229 |  |  | $ | 3,207 |
2021 | 11,911 |  |  | 760 |  |  | 12,671 |
2022 | 11,911 |  |  | 677 |  |  | 12,588 |
2023 | 11,911 |  |  | 571 |  |  | 12,482 |
2024 | 2,111 |  |  | 7 |  |  | 2,118 |
Thereafter | 2,133 |  |  | — |  |  | 2,133 |
Total | $ | 42,955 |  |  | $ | 2,244 |  |  | $ | 45,199 |

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- Definition The entire disclosure for all or part of the information related to 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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