Intangible Assets and Goodwill (Tables)

6 Months Ended

Jun. 30, 2021

Intangible Assets and Goodwill

Schedule of Intangible assets

The gross carrying amount and accumulated amortization of the Company’s acquired identifiable intangible assets as of June 30, 2021 were as follows (in thousands):

	Weighted Average	Gross Carrying		Accumulated
	Amortization Period	Amount		Amortization		Total
Acquired technology	10 years	$	13,150	$	(4,624)	$	8,526
Customer relationships, Non-compete agreements, Backlog & Trademark	6 years		890		(364)		526
In process research and development	Indefinite		29,000		—		29,000
		$	43,040	$	(4,988)	$	38,052

The gross carrying amount and accumulated amortization of the Company’s acquired identifiable intangible assets as of December 31, 2020 were as follows (in thousands):

	Weighted Average	Gross Carrying		Accumulated
	Amortization Period	Amount		Amortization		Total
Acquired technology	10 years	$	13,697	$	(4,042)	$	9,655
Customer relationships, Non-compete agreements, Backlog & Trademark	6 years		890		(294)		596
In process research and development	Indefinite		29,000		—		29,000
		$	43,587	$	(4,336)	$	39,251

Schedule of future amortization of intangible assets

The estimated amortization expense for subsequent years is as follows (in thousands):

Remainder of 2021	$	732
2022		1,463
2023		1,463
2024		1,442
2025 and thereafter		3,952
Total	$	9,052