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Intangible Assets | 6 Months Ended
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Jun. 30, 2020
Intangible Assets Net Excluding Goodwill [Abstract] |
Intangible Assets | 11. INTANGIBLE ASSETS Intangible assets as of June 30, 2020 and December 31, 2019 consisted of the following:
|  | June 30, 2020 |  |  | December 31, 2019 |
(In thousands) |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |
Customer relationships |  | $ | 20,742 |  |  | $ | (6,690 | ) |  | $ | 14,052 |  |  | $ | 22,356 |  |  | $ | (7,233 | ) |  | $ | 15,123 |
Developed technology |  |  | 8,200 |  |  |  | (1,977 | ) |  |  | 6,223 |  |  |  | 10,170 |  |  |  | (3,379 | ) |  |  | 6,791 |
Licensed technology |  |  | 5,900 |  |  |  | (1,503 | ) |  |  | 4,397 |  |  |  | 5,900 |  |  |  | (1,174 | ) |  |  | 4,726 |
Supplier relationships |  |  | 2,800 |  |  |  | (2,800 | ) |  |  | — |  |  |  | 2,800 |  |  |  | (2,508 | ) |  |  | 292 |
Licensing agreements |  |  | 560 |  |  |  | (116 | ) |  |  | 444 |  |  |  | 560 |  |  |  | (79 | ) |  |  | 481 |
Patents |  |  | 500 |  |  |  | (260 | ) |  |  | 240 |  |  |  | 500 |  |  |  | (226 | ) |  |  | 274 |
Trade names |  |  | 210 |  |  |  | (111 | ) |  |  | 99 |  |  |  | 310 |  |  |  | (176 | ) |  |  | 134 |
Total |  | $ | 38,912 |  |  | $ | (13,457 | ) |  | $ | 25,455 |  |  | $ | 42,596 |  |  | $ | (14,775 | ) |  | $ | 27,821 |
The Company evaluates the carrying value of intangible assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable and the undiscounted cash flows estimated to be generated by the asset are less than the asset’s carrying value. Due to the current economic environment, particularly related to COVID-19, the Company assessed impairment triggers related to intangible assets during the second quarter of 2020. Based on this assessment, no triggers occurred to perform an impairment test, and no impairment losses of intangible assets were recorded. Amortization expense was $1.0 million and $1.3 million for the three months ended June 30, 2020 and 2019, respectively, and $2.4 million and $2.7 million for the six months ended June 30, 2020 and 2019, respectively, and was included in cost of sales, selling, general and administrative expenses and research and development expenses in the Condensed Consolidated Statements of Income (Loss). As of June 30, 2020, estimated future amortization expense of intangible assets was as follows:
(In thousands) |  |  |  |
2020 |  | $ | 2,076 |
2021 |  |  | 4,095 |
2022 |  |  | 3,472 |
2023 |  |  | 3,320 |
2024 |  |  | 3,227 |
Thereafter |  |  | 9,265 |
Total |  | $ | 25,455 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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- References No definition available. + Details
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Period Type: | duration