GOODWILL AND OTHER INTANGIBLES

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES

The following summarizes the change in goodwill during the nine months ended September 30, 2020 (in thousands):

Carrying amount, December 31, 2019	$	36,204
Goodwill attributable to acquisitions	45,909
Foreign currency adjustments	3,189
Carrying amount, September 30, 2020	$	85,302

Other intangibles consisted of the following (in thousands):

	September 30, 2020						December 31, 2019
	Gross Carrying Amount		Accum. Amortiz.		Net Carrying Amount		Gross Carrying Amount		Accum. Amortiz.		Net Carrying Amount
Intangible assets subject to amortization:
Customer relationships and other	$	45,053	$	(5,067)	$	39,986	$	6,205	$	(2,226)	$	3,979
Developed technology	8,648		(1,458)		7,190		8,200		(819)		7,381
Trade names	188		(76)		112		112		—		112
Intangible assets not subject to amortization:
Trade names	8,007		—		8,007		—		—		—
Total intangible assets	$	61,896	$	(6,601)	$	55,295	$	14,517	$	(3,045)	$	11,472

Amortization expense relating to other intangibles was as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Amortization expense	$	1,502	$	346	$	3,556	$	953

The remaining weighted-average amortization period for intangible assets is approximately 8.9 years.

Estimated amortization expense related to intangibles for each of the five years from 2020 (remaining) through 2024 and thereafter is as follows (in thousands):

Year Ending December 31,
2020 (remaining)	$	1,456
2021	5,696
2022	5,661
2023	5,300
2024	5,174
Thereafter	24,001
Total amortization related to finite-lived intangible assets	$	47,288
Indefinite-lived intangible assets	8,007
Net intangible assets	$	55,295

As a result of the recent global economic disruption and uncertainty due to the COVID-19 pandemic, the Company performed a qualitative assessment during the first quarter. Based on the interim assessment performed, we concluded that there was no triggering event and additionally, no indications of impairment existed. No triggering events were identified in the third quarter of 2020 to require additional impairment testing.