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Intangible Assets
12 Months Ended
Dec. 31, 2019
Intangible Assets Net Excluding Goodwill [Abstract]  
Intangible Assets

Note 6 – Intangible Assets

Intangible assets subject to amortization at December 31 were as follows:

 

December 31, 2019

 

Intangible Assets

 

Useful life

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Currency Exchange

 

 

Net

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Patents

 

5-15 years

 

$

12,931

 

 

$

(10,634

)

 

$

(254

)

 

$

2,043

 

Developed product technology

 

2-10 years

 

 

159,129

 

 

 

(77,915

)

 

 

(7,857

)

 

 

73,357

 

Customer relationships

 

7-12 years

 

 

62,093

 

 

 

(30,138

)

 

 

(1,682

)

 

 

30,273

 

Software license and other

 

3-4 years

 

 

5,822

 

 

 

(5,765

)

 

 

(49

)

 

 

8

 

Total amortized intangible assets

 

 

 

 

239,975

 

 

 

(124,452

)

 

 

(9,842

)

 

 

105,681

 

Intangible assets with indefinite lives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In process research and development

 

Indefinite

 

 

4,580

 

 

 

-

 

 

 

-

 

 

 

4,580

 

Trademarks and trade names

 

Indefinite

 

 

10,303

 

 

 

-

 

 

 

(1,041

)

 

 

9,262

 

Total Intangible assets with indefinite lives

 

 

 

 

14,883

 

 

 

-

 

 

 

(1,041

)

 

 

13,842

 

Total intangible assets

 

 

 

$

254,858

 

 

$

(124,452

)

 

$

(10,883

)

 

$

119,523

 

 

December 31, 2018

 

Intangible Assets

 

Useful life

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Currency Exchange

 

 

Net

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Patents

 

5-15 years

 

$

11,823

 

 

$

(9,848

)

 

$

(307

)

 

$

1,668

 

Developed product technology

 

2-10 years

 

 

159,129

 

 

 

(66,112

)

 

 

(6,221

)

 

 

86,796

 

Customer relationships

 

7-12 years

 

 

62,093

 

 

 

(24,737

)

 

 

(1,689

)

 

 

35,667

 

Software license and other

 

3-4 years

 

 

5,822

 

 

 

(5,713

)

 

 

(64

)

 

 

45

 

Total amortized intangible assets

 

 

 

 

238,867

 

 

 

(106,410

)

 

 

(8,281

)

 

 

124,176

 

Intangible assets with indefinite lives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In process research and development

 

Indefinite

 

 

4,580

 

 

 

-

 

 

 

-

 

 

 

4,580

 

Trademarks and trade names

 

Indefinite

 

 

10,303

 

 

 

-

 

 

 

(1,124

)

 

 

9,179

 

Total Intangible assets with indefinite lives

 

 

 

 

14,883

 

 

 

-

 

 

 

(1,124

)

 

 

13,759

 

Total intangible assets

 

 

 

$

253,750

 

 

$

(106,410

)

 

$

(9,405

)

 

$

137,935

 

Amortization expense related to intangible assets subject to amortization was $18.0 million, $18.4 million and $18.8 million for the years ended December 31, 2019, 2018 and 2017, respectively.   In process research and development is transferred to amortized intangible assets at the time the product becomes viable.

The schedule below sets future amortization expense of our currently owned intangible assets:

 

2020

 

$

15,671

 

2021

 

 

15,065

 

2022

 

 

14,451

 

2023

 

 

14,186

 

2024

 

 

13,831

 

2025 and thereafter

 

 

32,477

 

Total

 

$

105,681