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Intangible Assets and Goodwill (Tables)
3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible assets consisted of the following:
 
March 31, 2020
 
December 31, 2019
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Customer relationships
$
265,630

 
$
(95,136
)
 
$
170,494

 
$
265,665

 
$
(88,550
)
 
$
177,115

Software & technology
31,600

 
(21,576
)
 
10,024

 
31,600

 
(19,999
)
 
11,601

Trademarks & other
13,324

 
(12,218
)
 
1,106

 
13,324

 
(11,400
)
 
1,924

Total intangible assets
$
310,554

 
$
(128,930
)
 
$
181,624

 
$
310,589

 
$
(119,949
)
 
$
190,640


Amortization Expense In Future Periods
Future amortization expense as of March 31, 2020 is shown in the table below. Actual amortization expense may differ due to, among other things, fluctuations in foreign currency exchange rates, impairments, acquisitions and accelerated amortization.
Remaining for year ending December 31, 2020
$
24,412

Year ending December 31, 2021
29,972

Year ending December 31, 2022
29,026

Year ending December 31, 2023
26,188

Year ending December 31, 2024
26,188

Thereafter
45,838

Total
$
181,624


Schedule of Goodwill
Changes in the carrying value of goodwill, by reporting segment are shown in the table below.
 
December 31, 2019
 
Impairment
 
Acquisition
 
Currency impact
 
March 31,
2020
Global Ecommerce
$
609,431

 
$
(198,169
)
 
$

 
$

 
$
411,262

Presort Services
212,529

 

 
4,338

 

 
216,867

Commerce Services
821,960

 
(198,169
)
 
4,338

 

 
628,129

SendTech Solutions
502,219

 

 

 
(5,313
)
 
496,906

Total goodwill
$
1,324,179

 
$
(198,169
)
 
$
4,338

 
$
(5,313
)
 
$
1,125,035