Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2020

Changes in Carrying Value of Goodwill

The following table represents the change in the carrying value of goodwill for the six months ended June 30, 2020 (amounts in thousands):

Balance as of December 31, 2019	$	468,413
Goodwill adjustment related to C Technologies, Inc.		293
Cumulative translation adjustment		19
Balance as of June 30, 2020	$	468,725

Intangible assets

Intangible assets, net consisted of the following at June 30, 2020:

	June 30, 2020
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (in years)
	(Amounts in thousands)
Finite-lived intangible assets:
Technology - developed	$	82,172	$	(11,863	)	$	70,309		19
Patents		240		(240	)		—		8
Customer relationships		160,834		(30,934	)		129,900		15
Trademarks		3,752		(427	)		3,325		20
Other intangibles		1,697		(1,190	)		507		3
Total finite-lived intangible assets		248,695		(44,654	)		204,041		16
Indefinite-lived intangible asset:
Trademarks		700		—			700		—
Total intangible assets	$	249,395	$	(44,654	)	$	204,741

Intangible assets consisted of the following at December 31, 2019:

	December 31, 2019
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (in years)
	(Amounts in thousands)
Finite-lived intangible assets:
Technology - developed	$	82,169	$	(9,669	)	$	72,500		19
Patents		240		(240	)		—		8
Customer relationships		160,825		(25,642	)		135,183		15
Trademarks		3,752		(333	)		3,419		20
Other intangibles		1,697		(947	)		750		3
Total finite-lived intangible assets		248,683		(36,831	)		211,852		16
Indefinite-lived intangible asset:
Trademarks		700		—			700		—
Total intangible assets	$	249,383	$	(36,831	)	$	212,552

Schedule of Amortization Expense for Amortized Intangible Assets

As of June 30, 2020, the Company expects to record the following amortization expense in future periods (amounts in thousands):

For the Six Months Ended June 30,	Estimated Amortization Expense
2020 (remaining six months)	$	7,396
2021		14,738
2022		14,736
2023		14,640
2024		14,198
2025 and thereafter		138,333
Total	$	204,041