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Intangible Assets
6 Months Ended
Jun. 30, 2019
Intangible Assets Net Excluding Goodwill [Abstract]  
Intangible Assets

10. INTANGIBLE ASSETS

Intangible assets include intangibles acquired in conjunction with several acquisitions since 2011, with the most recent being SmartRG, Inc. in November 2018.

The following table presents our intangible assets as of June 30, 2019 and December 31, 2018:

 

 

 

June 30, 2019

 

 

December 31, 2018

 

(In thousands)

 

Gross

Value

 

 

Accumulated Amortization

 

 

Net Value

 

 

Gross

Value

 

 

Accumulated Amortization

 

 

Net Value

 

Customer relationships

 

$

22,414

 

 

$

(6,311

)

 

$

16,103

 

 

$

22,455

 

 

$

(5,380

)

 

$

17,075

 

Developed technology

 

 

10,170

 

 

 

(2,810

)

 

 

7,360

 

 

 

12,801

 

 

 

(4,867

)

 

 

7,934

 

Licensed technology

 

 

5,900

 

 

 

(847

)

 

 

5,053

 

 

 

5,900

 

 

 

(520

)

 

 

5,380

 

Supplier relationships

 

 

2,800

 

 

 

(1,808

)

 

 

992

 

 

 

2,800

 

 

 

(1,108

)

 

 

1,692

 

Licensing agreements

 

 

560

 

 

 

(43

)

 

 

517

 

 

 

560

 

 

 

(5

)

 

 

555

 

Patents

 

 

500

 

 

 

(191

)

 

 

309

 

 

 

500

 

 

 

(157

)

 

 

343

 

Trade names

 

 

310

 

 

 

(141

)

 

 

169

 

 

 

310

 

 

 

(106

)

 

 

204

 

Total

 

$

42,654

 

 

$

(12,151

)

 

$

30,503

 

 

$

45,326

 

 

$

(12,143

)

 

$

33,183

 

 

Amortization expense was $1.3 million and $1.0 million for the three months ended June 30, 2019 and 2018 respectively, and $2.7 million and $1.5 million for the six months ended June 30, 2019 and 2018.

As of June 30, 2019, the estimated future amortization expense of our intangible assets was as follows:

 

(In thousands)

 

Amount

 

Remainder of 2019

 

$

2,665

 

2020

 

 

4,448

 

2021

 

 

4,099

 

2022

 

 

3,475

 

2023

 

 

3,322

 

Thereafter

 

 

12,494

 

Total

 

$

30,503