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GOODWILL AND INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Goodwill Changes in the carrying amount of goodwill for the six months ended June 30, 2020 were as follows:
|  | Total
Goodwill at January 1, 2019 |  | $ | — |
Vilex Companies acquisition |  | 17,170 |
Divestiture of Vilex in Tennessee, Inc. |  | (3,397) |
Goodwill at January 1, 2020 |  | $ | 13,773 |
Telos acquisition |  | 1,912 |
Orthex measurement period adjustment |  | (688) |
ApiFix acquisition |  | 53,423 |
Goodwill at June 30, 2020 |  | $ | 68,420 |
Intangible Assets As of June 30, 2020, the balances of amortizable intangible assets were as follows:
|  | Weighted-Average Amortization Period |  | Gross Intangible Assets |  | Accumulated Amortization |  | Net Intangible Assets
Patents |  | 15.3 years |  | $ | 33,182 |  |  | $ | (1,019) |  |  | $ | 32,163 |
Intellectual Property |  | 10.8 years |  | 8,950 |  |  | (473) |  |  | 8,477 |
License Agreements |  | 3.1 years |  | 2,765 |  |  | (1,199) |  |  | 1,566 |
Total amortizable assets |  |  |  | $ | 44,897 |  |  | $ | (2,691) |  |  | $ | 42,206 |
As of December 31, 2019, the balances of amortizable intangible assets were as follows:
|  | Weighted-Average Amortization Period |  | Gross Intangible Assets |  | Accumulated Amortization |  | Net Intangible Assets
Patents |  | 17.4 years |  | $ | 9,287 |  |  | $ | (363) |  |  | $ | 8,924 |
Intellectual Property |  | 10.7 years |  | 4,020 |  |  | (213) |  |  | 3,807 |
License Agreements |  | 3.4 years |  | 2,765 |  |  | (1,012) |  |  | 1,753 |
Total amortizable assets |  |  |  | $ | 16,072 |  |  | $ | (1,588) |  |  | $ | 14,484 |
On June 10, 2020, we purchased certain intellectual property assets from Band-Lok, LLC, a North Carolina limited liability company ("Band-Lok"), related to its Tether Clamp and Implantation System ("Tether Clamp System") for $3,394 in total consideration. We use the Tether Clamp System in connection with our Bandloc 5.5/6.0 System. We were previously the sole licensee of the purchased assets under a license agreement with Band-Lok. Licenses are tied to product launches and do not begin amortizing until the product is launched to the market. Trademarks are non-amortizing intangible assets which were $13,357 and $4,490 as of June 30, 2020 and December 31, 2019, respectively. Concurrently with our acquisition of each company, we acquired the trademark of Orthex on June 4, 2019 valued at $4,230, the trademark of Telos on March 9, 2020 valued at $210 and the trademark of ApiFix on April 1, 2020 valued at $8,620. Trademarks are recorded in Other Intangible assets on the Condensed Consolidated Balance Sheets.

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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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