Note 8 - Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

8 . Goodwill and Intangible Assets

Goodwill

The following table represents the changes in the carrying value of goodwill for the year ended

December 31, 2019:

(In thousands)	Goodwill
Balance as of December 31, 2018	$	—
Goodwill related to Astero acquisition		9,515
Goodwill related to SAVSU acquisition		21,037
Goodwill related to CBS acquisition		3,085
Balance as of December 31, 2019	$	33,637

Intangible Assets

Intangible assets, net consisted of the following at

December 31, 2019:

(In thousands, except weighted average useful life)	December 31, 2019
Finite-lived intangible assets:	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (in years)
Customer Relationships	$	800	$	(51	)	$	749		5.6
Tradenames		2,590		(123	)		2,467		8.1
Technology – acquired		19,020		(904	)		18,116		8.4
In-process R&D (1)		650		—			650		9.0
Total intangible assets	$	23,060	$	(1,078	)	$	21,982		8.3

(

1

)   In-process R&D represents the fair value of incomplete research and development that has

not

yet reached technological feasibility. We will amortize the asset upon technological feasibility, which has been placed in service in the

second

quarter of

2020.

Amortization expense for finite-lived intangible assets was

$1.1

 million for the year ended

December 31, 2019.

In-process research and development was put into service in the

second

quarter of

2020,

as such we have included the amortization in the schedule below based on an estimated life of

9

years. As of

December 31, 2019,

the Company expects to record the following amortization expense:

(In thousands) For the Years Ended December 31,	Estimated Amortization Expense
2020	$	2,788
2021		2,825
2022		2,825
2023		2,795
2024		2,770
Thereafter		7,979
Total	$	21,982