Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2019

Goodwill And Other Intangible Assets Disclosure [Abstract]

Goodwill And Other Intangible Assets Disclosure [Text Block]

6. Goodwill and Other Intangible Assets

Intangible assets consist of the following:

									Weighted
									Average
		June 30, 2019				December 31, 2018			Life	(a)
		(in thousands)
Amortizable intangible assets:		Gross		Accumulated Amortization		Gross		Accumulated Amortization
Existing technology	$	41,205	$	(18,004)	$	41,268	$	(16,215)	6.6	Years
Trade names		7,809		(3,182)		7,828		(2,861)	7.2	Years
Distribution agreements/customer relationships		22,603		(10,147)		22,657		(9,509)	10.2	Years
In-process research and development		446		(60)		1,387		(30)	6.4	Years
Patents		211		(211)		211		(204)	-	Years
Total amortizable intangible assets		72,274	$	(31,604)		73,351	$	(28,819)

Indefinite-lived intangible assets:
Goodwill		57,239				57,304
Other indefinite-lived intangible assets		1,230				1,232
Total goodwill and other indefinite-lived intangible assets		58,469				58,536

Total intangible assets, gross	$	130,743			$	131,887

(a) Weighted average life as of June 30, 2019.

The change in the carrying amount of goodwill for the six months ended June 30, 2019 is as follows:

			(in thousands)
Balance at December 31, 2018		$	57,304
	Effect of change in currency translation		(65)
Balance at June 30, 2019		$	57,239

Intangible asset amortization expense from continuing operations was $1.4 million for the three months ended June 30, 2019 and 2018, respectively. Intangible asset amortization expense from continuing operations was $2.9 million and $2.5 million for the six months ended June 30, 2019 and 2018, respectively. Amortization expense of existing amortizable intangible assets is currently estimated to be $5.6 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, $5.5 million for the year ending December 31, 2022, $5.4 million for the year ending December 31, 2023, and $5.3 million for the year ending December 31, 2024.

During the three months ended June 30, 2019, the Company recognized an impairment charge of $0.9 million related to certain of its in-process research and development intangible assets as a result of the on-going evaluation of its capitalized research and development activities. There was no impairment charge recognized during the three and six months ended June 30, 2018.