Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2018

Goodwill And Other Intangible Assets Disclosure [Abstract]

Goodwill And Other Intangible Assets Disclosure [Text Block]

7. Goodwill and Other Intangible Assets

Intangible assets consist of the following:

									Weighted
									Average
		December 31, 2018				December 31, 2017			Life	(a)
		(in thousands)
Amortizable intangible assets:		Gross		Accumulated Amortization		Gross		Accumulated Amortization
Existing technology	$	41,268	$	(16,215)	$	16,173	$	(13,179)	7.1	Years
Trade names		7,828		(2,861)		4,443		(2,280)	7.7	Years
Distribution agreements/customer relationships		22,657		(9,509)		13,197		(8,373)	10.6	Years
In-process research and development		1,387		(30)		-		-	7.3	Years
Patents		211		(204)		223		(174)	0.2	Years
Total amortizable intangible assets		73,351	$	(28,819)		34,036	$	(24,006)

Indefinite-lived intangible assets:
Goodwill		57,304				36,336
Other indefinite-lived intangible assets		1,232				1,244
Total goodwill and other indefinite-lived intangible assets		58,536				37,580

Total intangible assets, gross	$	131,887			$	71,616

(a) Weighted average life as of December 31, 2018.

The balances presented in the tables above and below exclude intangible assets and allocated goodwill of Denville as of December 31, 2017. Both the intangible assets and the allocated goodwill balances are reported as long term assets held for sale as of December 31, 2017. Refer to Note 6 for further details.

The change in the carrying amount of goodwill for the year ended December 31, 2018 is as follows:

			(in thousands)
Balance at December 31, 2016		$	38,032
	Effect of change in currency translation		1,937
	Reclassification of goodwill as held for sale		(3,633)
Balance at December 31, 2017		$	36,336
	Goodwill arising from business combination		21,865
	Effect of change in currency translation		(897)
Balance at December 31, 2018		$	57,304

Amortization of intangible assets

Intangible asset amortization expense from continuing operations was $5.4 million and $1.6 million for the years ended December 31, 2018 and 2017, respectively. Amortization expense of existing amortizable intangible assets is currently estimated to be $5.7 million for the year ending December 31, 2019, $5.6 million for the year ending December 31, 2020, $5.6 million for the year ending December 31, 2021, $5.6 million for the year ending December 31, 2022, and $5.4 million for the year ending December 31, 2023.