Goodwill and Intangible Assets (Notes)

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill and Intangible Assets, Net

Goodwill

    The following table presents the changes in the carrying amount of our goodwill (in thousands):

	Total
Balance as of January 1, 2020	$	31,245
Other (1)	1,346
Currency translation	60
Balance as of September 30, 2020	$	32,651

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(1) Other relates to a measurement period adjustment to deferred taxes related to our 2019 acquisition of Pursuit.

Intangible Assets, Net

    Intangible assets, carried at cost less accumulated amortization and amortized on a straight-lined basis, were as follows (in thousands):

	Weighted Average	September 30, 2020
	Amortization Life in Years	Cost		Accumulated Amortization		Net
Patents	10	$	24,260	$	14,654	$	9,606
Customer contracts	12	10,251		5,758		4,493
Non-contractual customer relationships	9	57,261		24,722		32,539
Trademarks	4	425		425		—
Trade name	15	18,258		3,183		15,075
Developed technology	13	152,893		33,752		119,141
Non-compete	3	2,500		764		1,736
Total amortized intangible assets		$	265,848	$	83,258	$	182,590
Internally developed software*		$	17,838			$	17,838
Total intangible assets		$	283,686	$	83,258	$	200,428

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* Internally developed software will be amortized when the projects are complete and the assets are ready for their intended use.

	Weighted Average	December 31, 2019
	Amortization Life in Years	Cost		Accumulated Amortization		Net
Patents	10	$	22,322	$	13,519	$	8,803
Customer contracts	12	10,122		5,506		4,616
Non-contractual customer relationships	9	57,296		19,787		37,509
Trademarks	4	425		425		—
Trade name	15	18,256		2,254		16,002
Developed technology	13	152,354		24,228		128,126
Non-compete	3	2,500		139		2,361
Total amortized intangible assets		$	263,275	$	65,858	$	197,417
Internally developed software*		$	13,991			$	13,991
Total intangible assets		$	277,266	$	65,858	$	211,408

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* Internally developed software will be amortized when the projects are complete and the assets are ready for their intended use.

Intangible assets with definite lives are amortized on a straight-line basis over their estimated useful lives. During the three and nine months ended September 30, 2020, intangible asset amortization expense was $5.8 million and $17.4 million, respectively, as compared to $4.4 million and $12.4 million for the three and nine months ended September 30, 2019, respectively.

As of September 30, 2020 estimated annual amortization for our intangible assets for each of the next five years is approximately (in thousands):

Remainder of 2020	$	6,363
2021	23,148
2022	22,506
2023	21,663
2024	21,573
2025	16,666
Thereafter	70,671
Total	$	182,590