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Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
NOTE 7 — Goodwill and Other Intangible Assets
Other Intangible Assets
The following is a summary of the Company’s other intangible assets as of December 31:
 
As of December 31, 2019
 
 
 
Gross
Carrying
Amount
Accumulated
Amortization
Net
Amount
 
Weighted Average Remaining Amortization Period (in years)
Other intangible assets:
 

 

 

 
 
Customer lists / relationships
$
92,194

$
(38,682
)
$
53,512

 
10.8

Technology and other intangibles
47,925

(18,422
)
29,503

 
8.7

In process research and development
2,200


2,200

 

Other intangible assets, net
$
142,319

$
(57,104
)
$
85,215

 
10.1

Amortization expense for the year ended December 31, 2019
 

$
7,770

 

 
 


 
As of December 31, 2018
 
Gross
Carrying
Amount
Accumulated
Amortization
Net
Amount
Other intangible assets:
 

 

 

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 year ended December 31, 2018
 

$
6,817

 

Amortization expense for the year ended December 31, 2017
 

$
6,603

 



The estimated amortization expense for the next five years and thereafter is as follows:
 
Amortization
expense
2020
$
9,051

2021
8,893

2022
8,657

2023
6,651

2024
6,479

Thereafter
45,484

Total future amortization expense
$
85,215



Goodwill
Changes in the net carrying value amount of goodwill were as follows:
 
Total
Goodwill as of December 31, 2017
$
71,057

Increase from acquisitions

Goodwill as of December 31, 2018
$
71,057

Increase from acquisition
34,999

Goodwill as of December 31, 2019
$
106,056


We performed our impairment test as of October 1, 2019, our measurement date, and concluded there was no impairment in any of our reporting units.