XML 27 R15.htm IDEA: XBRL DOCUMENT v3.21.1
Other Intangible Assets
3 Months Ended
Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Other Intangible Assets

Note 7 – Other Intangible Assets

Other intangible assets are summarized as follows:

(in thousands)

 

March 31,

2021

 

 

December 31,

2020

 

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

Customer relationships

 

$

172,582

 

 

$

172,851

 

Noncompete agreements

 

 

37,358

 

 

 

38,310

 

Trademarks

 

 

24,377

 

 

 

24,370

 

Internal-use software licenses

 

 

21,755

 

 

 

21,605

 

Patents

 

 

2,840

 

 

 

2,840

 

 

 

 

258,912

 

 

 

259,976

 

Accumulated amortization

 

 

(89,275

)

 

 

(82,380

)

 

 

 

169,637

 

 

 

177,596

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

Licenses

 

 

16,878

 

 

 

16,878

 

 

 

$

186,515

 

 

$

194,474

 

Amortization expense for finite-lived intangible assets was $11.9 million and $6.3 million for the three months ended March 31, 2021 and 2020, respectively.

Estimated amortization expense for finite-lived intangible assets for the next five years is as follows:

Year

 

(in thousands)

 

Remainder of 2021

 

$

31,888

 

2022

 

$

34,872

 

2023

 

$

31,796

 

2024

 

$

24,531

 

2025

 

$

18,322

 

2026

 

$

18,041