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Intangible Assets, Goodwill and Other Assets (Tables)
6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible assets consisted of the following:
 
June 30, 2020
 
December 31, 2019
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Customer relationships
$
268,178

 
$
(101,688
)
 
$
166,490

 
$
265,665

 
$
(88,550
)
 
$
177,115

Software & technology
31,600

 
(23,012
)
 
8,588

 
31,600

 
(19,999
)
 
11,601

Trademarks & other
13,324

 
(12,942
)
 
382

 
13,324

 
(11,400
)
 
1,924

Total intangible assets
$
313,102

 
$
(137,642
)
 
$
175,460

 
$
310,589

 
$
(119,949
)
 
$
190,640


Amortization Expense In Future Periods
Future amortization expense as of June 30, 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
$
15,699

Year ending December 31, 2021
30,227

Year ending December 31, 2022
29,281

Year ending December 31, 2023
26,443

Year ending December 31, 2024
26,443

Thereafter
47,367

Total
$
175,460


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
 
June 30,
2020
Global Ecommerce
$
609,431

 
$
(198,169
)
 
$

 
$

 
$
411,262

Presort Services
212,529

 

 
8,463

 

 
220,992

Commerce Services
821,960

 
(198,169
)
 
8,463

 

 
632,254

SendTech Solutions
502,219

 

 

 
(1,688
)
 
500,531

Total goodwill
$
1,324,179

 
$
(198,169
)
 
$
8,463

 
$
(1,688
)
 
$
1,132,785