Intangible Assets

9 Months Ended

Sep. 30, 2019

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Intangible Assets

Intangible Assets

Intangible assets consist of finite and indefinite life assets and are reported within Other assets in our consolidated balance sheets.

The following is a summary of our intangible assets as of September 30, 2019 and December 31, 2018 (in thousands):

	September 30, 2019
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Finite-life intangible assets:
Customer relationships	$	97,400	$	5,952	$	91,448
Galapagos operating license	47,669		5,470		42,199
Other finite-life intangible assets	11,560		5,298		6,262
Total finite-life intangible assets	156,629		16,720		139,909
Indefinite-life intangible assets	351,725		—		351,725
Total intangible assets, net	$	508,354	$	16,720	$	491,634

	December 31, 2018
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Finite-life intangible assets:
Customer relationships	$	97,400	$	1,082	$	96,318
Galapagos operating license	47,669		4,206		43,463
Other finite-life intangible assets	11,560		963		10,597
Total finite-life intangible assets	156,629		6,251		150,378
Indefinite-life intangible assets	351,725		—		351,725
Total intangible assets, net	$	508,354	$	6,251	$	502,103

The estimated future amortization for finite-life intangible assets for each of the next five years is as follows (in thousands):

Year
Remainder of 2019	$	3,490
2020	$	12,995
2021	$	8,179
2022	$	8,179
2023	$	8,179
2024	$	8,179