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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 GOODWILL AND OTHER INTANGIBLE ASSETS
The changes in the carrying amount of goodwill for the two years ended December 31, 2019 are as follows:
 
Enterprise
Software
 
Appraisal
 and Tax
 
Total
Balance as of 12/31/2017
$
651,430

 
$
6,557

 
$
657,987

Goodwill acquired related to the purchase of Socrata
75,657

 

 
75,657

Goodwill acquired related to other acquisitions
20,074

 

 
20,074

Balance as of 12/31/2018
747,161

 
6,557

 
753,718

Goodwill acquired related to the purchase of MicroPact
76,319

 

 
76,319

Goodwill acquired related to other acquisitions
10,080

 

 
10,080

Balance as of 12/31/2019
$
833,560

 
$
6,557

 
$
840,117


Other intangible assets and related accumulated amortization consists of the following at December 31:
 
2019
 
2018
Gross carrying amount of other intangibles:
 
 
 
Customer related intangibles
$
321,019

 
$
238,219

Acquired software
262,286

 
202,416

Trade names
22,905

 
16,905

Capitalized software development costs
4,804

 

Leases acquired
5,037

 
3,694

 
616,051

 
461,234

Accumulated amortization
(237,137
)
 
(184,382
)
Total other intangibles, net
$
378,914

 
$
276,852

 
Amortization expense for acquired software and capitalized software development costs are recorded to cost of revenues. Amortization expense for customer relationships and trade names are recorded to selling, general and administrative expenses. Total amortization expense for other intangibles was $52.8 million in 2019, $39.6 million in 2018, and $35.5 million in 2017
The amortization periods of other intangible assets is summarized in the following table:
 
December 31, 2019
 
December 31, 2018
 
Gross
Carrying
Amount
 
Weighted
Average
Amortization
Period
 
Accumulated Amortization
 
Gross
Carrying
Amount
 
Weighted
Average
Amortization
Period
 
Accumulated Amortization
Non-amortizable intangibles:
 
 
 
 
 
 
 
 
 
 
 
Goodwill
$
840,117

 

 
$

 
$
753,718

 

 
$

Amortizable intangibles:
 
 
 
 
 
 
 
 
 
 
 
Customer related intangibles
321,019

 
16 years

 
97,320

 
238,219

 
15 years

 
78,120

Acquired software
262,286

 
7 years

 
130,416

 
202,416

 
7 years

 
99,772

Trade names
22,905

 
11 years

 
7,205

 
16,905

 
11 years

 
5,139

Capitalized software development costs
$
4,804

 
5 years

 
$
296

 
$

 

 
$

Leases acquired
5,037

 
9 years

 
1,900

 
3,694

 
10 years

 
1,351


Estimated annual amortization expense related to acquired leases will be recorded as a reduction to hardware and other revenue and is expected to be $525,000 in 2020, $525,000 in 2021, $525,000 in 2022, $525,000 in 2023, $525,000 in 2024, and $512,000 thereafter.
Estimated annual amortization expense related to other intangibles, including customer relationships, acquired software, trade names and capitalized software development costs is as follows:
2020
$
54,045

2021
53,687

2022
49,989

2023
31,838

2024
31,213

Thereafter
$
155,005