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Intangible Assets
3 Months Ended
Mar. 31, 2019
Intangible Assets Net Excluding Goodwill [Abstract]  
Intangible Assets

11. INTANGIBLE ASSETS

Intangible assets include intangibles acquired in conjunction with several acquisitions since 2011, with the most recent being SmartRG, Inc. in November 2018 and SEI’s North American EPON business and technology license and OEM supply agreement with SEI in March 2018.

The following table presents our intangible assets as of March 31, 2019 and December 31, 2018:

 

 

 

March 31, 2019

 

 

December 31, 2018

 

(In thousands)

 

Gross

Value

 

 

Accumulated Amortization

 

 

Net Value

 

 

Gross

Value

 

 

Accumulated Amortization

 

 

Net Value

 

Customer relationships

 

$

22,363

 

 

$

(5,797

)

 

$

16,566

 

 

$

22,455

 

 

$

(5,380

)

 

$

17,075

 

Developed technology

 

 

10,170

 

 

 

(2,526

)

 

 

7,644

 

 

 

12,801

 

 

 

(4,867

)

 

 

7,934

 

Licensed technology

 

 

5,900

 

 

 

(683

)

 

 

5,217

 

 

 

5,900

 

 

 

(520

)

 

 

5,380

 

Supplier relationships

 

 

2,800

 

 

 

(1,458

)

 

 

1,342

 

 

 

2,800

 

 

 

(1,108

)

 

 

1,692

 

Licensing agreements

 

 

560

 

 

 

(24

)

 

 

536

 

 

 

560

 

 

 

(5

)

 

 

555

 

Patents

 

 

500

 

 

 

(174

)

 

 

326

 

 

 

500

 

 

 

(157

)

 

 

343

 

Trade names

 

 

310

 

 

 

(124

)

 

 

186

 

 

 

310

 

 

 

(106

)

 

 

204

 

Total

 

$

42,603

 

 

$

(10,786

)

 

$

31,817

 

 

$

45,326

 

 

$

(12,143

)

 

$

33,183

 

 

Amortization expense was $1.3 million and $0.4 million for the three months ended March 31, 2019 and 2018 respectively.

As of March 31, 2019, the estimated future amortization expense of our intangible assets is as follows:

 

(In thousands)

 

Amount

 

Remainder of 2019

 

$

3,994

 

2020

 

 

4,444

 

2021

 

 

4,096

 

2022

 

 

3,472

 

2023

 

 

3,320

 

Thereafter

 

 

12,491

 

Total

 

$

31,817