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Intangible Assets
9 Months Ended
Sep. 30, 2019
Intangible Assets Net Excluding Goodwill [Abstract]  
Intangible Assets

11. INTANGIBLE ASSETS

Intangible assets include those 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 September 30, 2019 and December 31, 2018:

 

 

 

September 30, 2019

 

 

December 31, 2018

 

(In thousands)

 

Gross

Value

 

 

Accumulated Amortization

 

 

Net Value

 

 

Gross

Value

 

 

Accumulated Amortization

 

 

Net Value

 

Customer relationships

 

$

22,235

 

 

$

(6,671

)

 

$

15,564

 

 

$

22,455

 

 

$

(5,380

)

 

$

17,075

 

Developed technology

 

 

10,170

 

 

 

(3,094

)

 

 

7,076

 

 

 

12,801

 

 

 

(4,867

)

 

 

7,934

 

Licensed technology

 

 

5,900

 

 

 

(1,011

)

 

 

4,889

 

 

 

5,900

 

 

 

(520

)

 

 

5,380

 

Supplier relationships

 

 

2,800

 

 

 

(2,158

)

 

 

642

 

 

 

2,800

 

 

 

(1,108

)

 

 

1,692

 

Licensing agreements

 

 

560

 

 

 

(61

)

 

 

499

 

 

 

560

 

 

 

(5

)

 

 

555

 

Patents

 

 

500

 

 

 

(209

)

 

 

291

 

 

 

500

 

 

 

(157

)

 

 

343

 

Trade names

 

 

310

 

 

 

(158

)

 

 

152

 

 

 

310

 

 

 

(106

)

 

 

204

 

Total

 

$

42,475

 

 

$

(13,362

)

 

$

29,113

 

 

$

45,326

 

 

$

(12,143

)

 

$

33,183

 

 

Amortization expense was $1.3 million and $0.9 million for the three months ended September 30, 2019 and 2018, respectively, and $4.0 million and $2.4 million for the nine months ended September 30, 2019 and 2018, respectively.

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

 

(In thousands)

 

Amount

 

Remainder of 2019

 

$

1,329

 

2020

 

 

4,436

 

2021

 

 

4,088

 

2022

 

 

3,464

 

2023

 

 

3,313

 

Thereafter

 

 

12,483

 

Total

 

$

29,113