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GOODWILL AND OTHER INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS The following table summarizes the changes in our goodwill:
Balance at December 31, 2018 | $ | 111,387 |
Goodwill recognized upon acquisition | 4,826 |
Adjustment to goodwill associated with acquisitions | (176 | )
Foreign exchange adjustment to goodwill | (6 | )
Balance at June 30, 2019 | $ | 116,031 |
There has been no impairment of goodwill for the periods presented. The gross carrying amount and accumulated amortization of our intangible assets as of June 30, 2019 and December 31, 2018 are as follows:
|  |  | June 30, 2019
Intangible Assets | Weighted Average Amortization Period (in Years) |  | Gross |  | Accumulated Amortization |  | Net
Developed Technology | 6.0 |  | $ | 14,800 |  |  | $ | (8,291 | ) |  | $ | 6,509 |
Customer Relationships | 8.8 |  | 90,147 |  |  | (25,423 | ) |  | 64,724 |
Reseller Relationships | 7.0 |  | 853 |  |  | (853 | ) |  | 0 |
Trade Names | 12.0 |  | 5,315 |  |  | (1,458 | ) |  | 3,857 |
Noncompete Agreements | 5.2 |  | 1,032 |  |  | (596 | ) |  | 436 |
| 8.5 |  | $ | 112,147 |  |  | $ | (36,621 | ) |  | $ | 75,526 |
|  |  | December 31, 2018
Intangible Assets | Weighted Average Amortization Period (in Years) |  | Gross |  | Accumulated Amortization |  | Net
Developed Technology | 6.0 |  | $ | 14,805 |  |  | $ | (7,065 | ) |  | $ | 7,740 |
Customer Relationships | 8.5 |  | 85,094 |  |  | (20,601 | ) |  | 64,493 |
Reseller Relationships | 7.0 |  | 853 |  |  | (853 | ) |  | — |
Trade Names | 12.2 |  | 5,187 |  |  | (1,241 | ) |  | 3,946 |
Noncompete Agreements | 5.2 |  | 1,032 |  |  | (451 | ) |  | 581 |
| 8.3 |  | $ | 106,971 |  |  | $ | (30,211 | ) |  | $ | 76,760 |
We record amortization expenses using the straight-line method over the estimated useful lives of the intangible assets, as noted above. Amortization expenses recorded in Operating Expenses were $2,761 and $1,994, for the three months ended June 30, 2019 and 2018, respectively. Amortization expenses recorded in Cost of Sales were $437 and $437 for the three months ended June 30, 2019 and 2018, respectively. Amortization expenses for the six months ended June 30, 2019 and 2018 were $5,543 and $3,591 included in Operating Expenses, and $874 and $734, respectively, included in Cost of Sales. The following table summarizes the future estimated amortization expense relating to our intangible assets as of June 30, 2019:
Calendar Years |
2019 (July to December) | $ | 5,919 |
2020 | 11,491 |
2021 | 11,000 |
2022 | 10,370 |
2023 | 9,148 |
2024 | 8,827 |
Thereafter | 18,771 |
| $ | 75,526 |

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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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