Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2019

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Note 6 – Goodwill and Other Intangible Assets

Goodwill

The change in the carrying amounts of goodwill for the nine months ended September 30, 2019 was as follows (in thousands):

	Amount
Balance at December 31, 2018	$	51,967
Currency translation adjustments		(1,662)
Balance at September 30, 2019	$	50,305

Identifiable Intangible Assets

Purchased intangible assets consisted of the following as of September 30, 2019 and December 31, 2018 (in thousands):

	September 30, 2019						December 31, 2018
	Gross						Gross
	Carrying		Accumulated		Intangible		Carrying		Accumulated		Intangible
	Amount		Amortization		Assets, Net		Amount		Amortization		Assets, Net
Finite-lived intangible assets:
Proprietary adjuvant technology	$	7,597	$	(2,341)	$	5,256	$	8,357	$	(2,263)	$	6,094
Collaboration agreements		3,430		(3,217)		213		3,773		(3,326)		447
Total identifiable intangible assets	$	11,027	$	(5,558)	$	5,469	$	12,130	$	(5,589)	$	6,541

Amortization expense for the nine months ended September 30, 2019 and 2018 was $0.5 million.

Estimated amortization expense for existing intangible assets for the remainder of 2019 and for each of the five succeeding years ending December 31 will be as follows (in thousands):

Year	Amount
2019 (remainder)	$	159
2020		530
2021		380
2022		380
2023		380
2024		380