Goodwill and Intangible Assets (Notes)

6 Months Ended

Jun. 30, 2021

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, 2021	$	33,001
Currency translation	(74)
Balance as of June 30, 2021	$	32,927

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	June 30, 2021
	Amortization Life in Years	Cost		Accumulated Amortization		Net
Patents	10	$	26,083	$	15,889	$	10,194
Customer contracts	12	10,390		6,023		4,367
Non-contractual customer relationships	9	57,817		29,947		27,870
Trademarks	4	425		425		—
Trade name	15	18,266		4,117		14,149
Developed technology	13	152,893		43,177		109,716
Non-compete	3	2,500		1,389		1,111
Total amortized intangible assets		$	268,374	$	100,967	$	167,407
Internally developed software*		$	22,213			$	22,213
Total intangible assets		$	290,587	$	100,967	$	189,620

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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, 2020
	Amortization Life in Years	Cost		Accumulated Amortization		Net
Patents	10	$	24,797	$	15,056	$	9,741
Customer contracts	12	10,365		5,852		4,513
Non-contractual customer relationships	9	58,061		26,711		31,350
Trademarks	4	425		425		—
Trade name	15	18,270		3,500		14,770
Developed technology	13	152,893		36,927		115,966
Non-compete	3	2,500		972		1,528
Total amortized intangible assets		$	267,311	$	89,443	$	177,868
Internally developed software*		$	19,363			$	19,363
Total intangible assets		$	286,674	$	89,443	$	197,231

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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 six months ended June 30, 2021, respectively, intangible asset amortization expense was $5.8 million and $11.6 million, respectively, as compared to $5.8 million and $11.6 million for the three and six months ended June 30, 2020, respectively.

As of June 30, 2021 estimated annual amortization for our intangible assets for each of the next five years is approximately (in thousands):

Remainder of 2021	$	12,052
2022	22,877
2023	21,854
2024	21,765
2025	16,094
2026	15,188
Thereafter	57,577
Total	$	167,407