Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

NOTE 7 – Goodwill and Other Intangible Assets

Intangible assets consist of the following components:

	As of
	September 30, 2019
	Gross Carrying Amount		Accumulated Amortization			Net Amount
Customer lists/relationships	$	94,223	$	(39,888	)	$	54,335
Technology and other intangibles	46,260		(16,289		)	29,971
In process research and development	2,200		—			2,200
Other intangible assets, net	$	142,683	$	(56,177	)	$	86,506
Amortization expense for the three months ended September 30, 2019			$	1,999
Amortization expense for the nine months ended September 30, 2019			$	5,381

	As of
	December 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Amount
Customer lists/relationships	$	64,323	$	(37,088	)	$	27,235
Technology and other intangibles	44,460		(13,715		)	30,745
In process research and development	2,200		—			2,200
Other intangible assets, net	$	110,983	$	(50,803	)	$	60,180
Amortization expense for the three months ended September 30, 2018			$	1,698
Amortization expense for the nine months ended September 30, 2018			$	5,122

Remaining amortization expense for other intangible assets as of September 30, 2019 is as follows: 

	Amortization expense
2019	$	2,152
2020	8,479
2021	8,322
2022	8,085
2023	6,079
Thereafter	53,389
Total amortization expense	$	86,506

 

Changes in the net carrying value amount of goodwill were as follows:

	Total
December 31, 2018	$	71,057
Increase from acquisition	37,085
September 30, 2019	$	108,142