Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets 

The Company’s amortizable and unamortizable intangible assets at June 30, 2020 and December 31, 2019 are as follows: 

	June 30, 2020						December 31, 2019
Goodwill and Intangible Assets:	Gross Value		Accumulated Amortization		Net Carrying Amount		Gross Value		Accumulated Amortization			Net Carrying Amount
Amortizable intangible assets - Acquired developed technology - Vazculep (1)	$	—	$	—	$	—	$	12,061	$	(11,248	)	$	813
Unamortizable intangible assets - Goodwill (2)	$	16,836	$	—	$	16,836	$	18,491	$	—		$	18,491

 

⁽¹⁾ This intangible asset was assumed by the Exela Buyer as part of the disposition of the hospital business on June 30, 2020. See Note 4: Disposition of the Hospital Business.

⁽²⁾ In connection with the disposition of the hospital business (see Note 4: Disposition of the Hospital Business), the Company allocated goodwill of $1,655 on a relative fair value basis to the hospital business and included this amount in the net gain on the disposition of the hospital business on the unaudited condensed consolidated statements of income (loss) during the three and six months ended June 30, 2020.

The Company recorded amortization expense related to amortizable intangible assets of $203 and $204 for the three months ended June 30, 2020 and 2019, respectively of $406 and $405 for the six months ended June 30, 2020 and 2019, respectively.