XML 39 R31.htm IDEA: XBRL DOCUMENT

Goodwill And Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in carrying amounts of goodwill for the three months ended March 31, 2020 are as follows (in thousands):


	Fax and Martech		Voice, Backup, Security and CPP		Total Cloud Services		Digital Media		Consolidated
Balance as of January 1, 2020	$	397,788	$	480,084	$	877,872	$	755,161	$	1,633,033
Goodwill acquired (Note 4)	16,119		—		16,119		622		16,741
Purchase accounting adjustments ⁽¹⁾	—		(2,539)		(2,539)		(14)		(2,553)
Foreign exchange translation	(1,325)		(8,070)		(9,395)		(633)		(10,028)
Balance as of March 31, 2020	$	412,582	$	469,475	$	882,057	$	755,136	$	1,637,193

⁽¹⁾Purchase accounting adjustments relate to measurement period adjustments to goodwill in connection with prior business acquisitions (see Note 4 - Business Acquisitions).

Schedule Of Intangible Assets With Indefinite Lives

Intangible Assets with Indefinite Lives:

Intangible assets are summarized as of March 31, 2020 and December 31, 2019 as follows (in thousands):


	March 31, 2020		December 31, 2019
Trade names	$	27,379	$	27,379
Other	4,306		4,306
Total	$	31,685	$	31,685

Finite-Lived Intangible Assets By Major Class

Intangible Assets Subject to Amortization:

As of March 31, 2020, intangible assets subject to amortization relate primarily to the following (in thousands):


	Weighted-Average Amortization Period	Historical Cost		Accumulated Amortization		Net
Trade names	10.2 years	$	193,416	$	86,357	$	107,059
Patent and patent licenses	6.5 years	67,911		63,754		4,157
Customer relationships ⁽¹⁾	8.4 years	632,667		406,030		226,637
Other purchased intangibles	4.4 years	378,487		221,369		157,118
Total		$	1,272,481	$	777,510	$	494,971

⁽¹⁾ Historically, the Company has amortized its customer relationship assets in a pattern that best reflects the pace in which the asset’s benefits are consumed. This pattern results in a substantial majority of the amortization expense being recognized in the first 4 to 5 years, despite the overall life of the asset.

As of December 31, 2019, intangible assets subject to amortization relate primarily to the following (in thousands):


	Weighted-Average Amortization Period	Historical Cost		Accumulated Amortization		Net
Trade names	10.2 years	$	193,202	$	82,552	$	110,650
Patent and patent licenses	6.5 years	67,921		63,143		4,778
Customer relationships ⁽¹⁾	8.5 years	630,730		392,228		238,502
Other purchased intangibles	4.3 years	383,195		212,257		170,938
Total		$	1,275,048	$	750,180	$	524,868