Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2020

Changes in Carrying Value of Goodwill

The following table represents the changes in the carrying value of goodwill for the years ended December 31, 2020 and 2019 (amounts in thousands):

Balance as of December 31, 2018	$	326,735
Acquisition of C Technologies		142,021
Cumulative translation adjustment		(343	)
Balance as of December 31, 2019	$	468,413
Measurement period adjustment - C Technologies		293
Acquisition of EMT		12,585
Acquisition of NMS		6,784
Acquisition of ARTeSYN		128,658
Cumulative translation adjustment		1,572
Balance as of December 31, 2020	$	618,305

Intangible assets

Intangible assets, net consisted of the following at December 31, 2020:

	December 31, 2020
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (in years)
	(Amounts in thousands)
Finite-lived intangible assets:
Technology - developed	$	114,217	$	(14,444	)	$	99,773		17
Patents		240		(240	)		—		8
Customer relationships		217,790		(37,333	)		180,457		16
Trademarks		5,893		(541	)		5,352		20
Other intangibles		2,142		(1,324	)		818		3
Total finite-lived intangible assets		340,282		(53,882	)		286,400		16
Indefinite-lived intangible asset:
Trademarks		700		—			700		—
Total intangible assets	$	340,982	$	(53,882	)	$	287,100

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

Amortization expense for finite-lived intangible assets was $16.1 million, $13.6 million and $10.6 million for the years ended December 31, 2020, 2019 and 2018, respectively. As of December 31, 2020, the Company expects to record the following amortization expense (amounts in thousands):

For the Years Ended December 31,	Estimated Amortization Expense
2021	$	20,767
2022		20,765
2023		20,648
2024		20,080
2025		19,813
2026 and thereafter		184,327
Total	$	286,400