During the year ended December 31, 2018, the Company did not dispose of or recognize additional goodwill. On August 31, 2018, the Company performed its impairment test of goodwill. As described in Note 2 above, the Company applied the enterprise approach by reviewing the quoted market capitalization of the Company as reported on the Nasdaq Global Market to calculate the fair value. In addition, the Company considered its future forecasted results, the economic environment and overall market conditions. As a result of the Company’s assessment that its fair value of the reporting unit exceeded its carrying amount, the Company determined that goodwill was not impaired.

The following is a summary of intangible assets, net at December 31, 2018 (in thousands):

	December 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Acquisition-related intangible assets:
Reacquired license - INTERCEPT Asia	$	2,017	$	(1,683	)	$	334
Total intangible assets	$	2,017	$	(1,683	)	$	334

The following is a summary of intangible assets, net at December 31, 2017 (in thousands):

	December 31, 2017
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Acquisition-related intangible assets:
Reacquired license - INTERCEPT Asia	$	2,017	$	(1,481	)	$	536
Total intangible assets	$	2,017	$	(1,481	)	$	536

During the years ended December 31, 2018, 2017 and 2016, there were no impairment charges recognized related to the Company’s intangible assets.

At December 31, 2018, the expected annual amortization expense of the intangible assets, net is $0.2 million for the year ending December 31, 2019, and $0.1 million for the year ending December 31, 2020.