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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
The changes in the carrying amount of goodwill for the six months ended June 30, 2020 are as follows (in thousands):
 
Balance at December 31, 2019$335,564  
Purchase price allocation for acquisitions82,311  
Effect of foreign currency translation adjustments(472) 
Balance at June 30, 2020$417,403  
Intangible Assets
The following table presents a summary of the Company’s intangible assets that are subject to amortization (in thousands):
 
 June 30, 2020December 31, 2019
 Gross
Carrying
Amounts
Accumulated
Amortization
Net
Carrying
Amounts
Gross
Carrying
Amounts
Accumulated
Amortization
Net
Carrying
Amounts
Customer relationships$100,682  $(39,978) $60,704  $82,431  $(49,716) $32,715  
Non-compete agreements1,523  (738) 785  1,264  (601) 663  
Customer backlog9,083  (720) 8,363  1,102  (987) 115  
Trade name419  (55) 364  60  (37) 23  
Developed software13,721  (8,139) 5,582  10,984  (6,547) 4,437  
Total$125,428  $(49,630) $75,798  $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 backlog1 year
Trade name1 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$13,586  
2021$19,812  
2022$14,307  
2023$9,471  
2024$6,390  
Thereafter$12,232