Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2020

Goodwill and Other Intangible Assets

Note 5 – Goodwill and Other Intangible Assets

Goodwill

The change in the carrying amounts of goodwill for the three months ended March 31, 2020 was as follows (in thousands):


	Amount
Balance at December 31, 2019	$	51,154
Currency translation adjustments		(1,166)
Balance at March 31, 2020	$	49,988

Identifiable Intangible Assets

Purchased intangible assets consisted of the following as of March 31, 2020 and December 31, 2019 (in thousands):


	March 31, 2020						December 31, 2019
	Gross						Gross
	Carrying		Accumulated		Intangible		Carrying		Accumulated		Intangible
	Amount		Amortization		Assets, Net		Amount		Amortization		Assets, Net
Finite-lived intangible assets:
Proprietary adjuvant technology	$	7,452	$	(2,484)	$	4,968	$	7,985	$	(2,562)	$	5,423
Collaboration agreements		3,365		(3,281)		84		3,606		(3,448)		158
Total identifiable intangible assets	$	10,817	$	(5,765)	$	5,052	$	11,591	$	(6,010)	$	5,581

Amortization expense for the three months ended March 31, 2020 and 2019 was $0.2 million.

Estimated amortization expense for existing intangible assets for the remainder of 2020 and for each of the five succeeding years ending December 31 will be as follows (in thousands):


Year	Amount
2020 (remainder)	$	363
2021		373
2022		373
2023		373
2024		373
2025		373