Intangible Assets

12 Months Ended

Dec. 31, 2019

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 December 31, 2019 (in thousands, except weighted average amortization period):


	As of December 31, 2019
	Remaining Weighted Average Amortization Period (Years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Finite-life intangible assets:
Customer relationships	13.8	$	97,400	$	7,576	$	89,824
Galapagos operating license	24.7	47,669		6,010		41,659
Other finite-life intangible assets	0.8	11,560		6,743		4,817
Total finite-life intangible assets		156,629		20,329		136,300
Indefinite-life intangible assets		352,275		—		352,275
Total intangible assets, net		$	508,904	$	20,329	$	488,575

The following is a summary of our intangible assets as of December 31, 2018 (in thousands, except weighted average amortization period):


	As of December 31, 2018
	Remaining Weighted Average Amortization Period (Years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Finite-life intangible assets:
Customer relationships	14.8	$	97,400	$	1,082	$	96,318
Galapagos operating license	25.8	47,669		4,206		43,463
Other finite-life intangible assets	1.8	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):