Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

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

Balance at December 31, 2019	$	335,564
Purchase price allocation for acquisitions	26,203
Effect of foreign currency translation adjustments	(230)
Balance at March 31, 2020	$	361,537

Intangible Assets

The following table presents a summary of the Company’s intangible assets that are subject to amortization (in thousands):

	March 31, 2020						December 31, 2019
	Gross Carrying Amounts		Accumulated Amortization		Net Carrying Amounts		Gross Carrying Amounts		Accumulated Amortization		Net Carrying Amounts
Customer relationships	$	79,702	$	(36,885)	$	42,817	$	82,431	$	(49,716)	$	32,715
Non-compete agreements	1,357		(668)		689		1,264		(601)		663
Customer backlog	1,105		(144)		961		1,102		(987)		115
Trade name	170		(67)		103		60		(37)		23
Developed software	12,144		(7,048)		5,096		10,984		(6,547)		4,437
Total	$	94,478	$	(44,812)	$	49,666	$	95,841	$	(57,888)	$	37,953

Estimated Useful Lives of Intangible Assets

The estimated useful lives of identifiable intangible assets are as follows:

Customer relationships	5 - 10 years
Non-compete agreements	4 - 5 years
Customer backlog	1 year
Trade name	1 year
Developed software	1 - 7 years

Estimated Annual Amortization Expense

Estimated annual amortization expense for the next five years ended December 31 and thereafter is as follows: (in thousands):

2020 remaining	$	12,154
2021	$	12,876
2022	$	11,331
2023	$	6,701
2024	$	3,758
Thereafter	$	2,846