Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.10.0.1
Intangible Assets
9 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets
The following table summarizes the components of gross and net intangible asset balances (in thousands):
 
September 30, 2018
 
December 31, 2017
 
Gross
Carrying
Amount
 
Accumulated
Impairment
 
Accumulated
Amortization
 
Net Book
Value
 
Gross
Carrying
Amount
 
Accumulated
Impairment
 
Accumulated
Amortization
 
Net Book
Value
Intangible assets with definite lives:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Technology
$
111,853

 
$
(1,044
)
 
$
(48,275
)
 
$
62,534

 
$
101,045

 
$
(1,058
)
 
$
(42,048
)
 
$
57,939

Customer related
100,349

 
(50
)
 
(36,244
)
 
64,055

 
108,074

 
(50
)
 
(28,972
)
 
79,052

Trade names
47,450

 
(3,864
)
 
(17,768
)
 
25,818

 
49,313

 
(3,916
)
 
(13,273
)
 
32,124

Internally developed software
16,243

 

 
(13,650
)
 
2,593

 
15,610

 

 
(12,293
)
 
3,317

Patents
2,737

 
(132
)
 
(2,521
)
 
84

 
2,778

 
(133
)
 
(2,495
)
 
150

Service Agreements
1,190

 

 
(651
)
 
539

 

 

 

 

Definite-lived intangible assets
$
279,822

 
$
(5,090
)
 
$
(119,109
)
 
$
155,623

 
$
276,820

 
$
(5,157
)
 
$
(99,081
)
 
$
172,582


Finite-lived intangible assets are amortized over their weighted average lives, which are 14 years for technology, 10 years for customer related intangibles, 7 years for trade names, 6 years for internally developed software, 13 years for patents, 2 years for service agreements and 11 years weighted average in total.
Internally developed software consists of $14.0 million relating to costs incurred for development of internal use computer software and $2.2 million for development of software to be sold.
Amortization expense related to intangible assets with definite lives was as follows (in thousands):
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2018
 
2017
 
2018
 
2017
Technology
$
2,028

 
$
1,614

 
$
6,405

 
$
4,731

Customer related
2,596

 
2,264

 
7,779

 
6,627

Trade names
1,553

 
1,481

 
4,635

 
4,385

Internally developed software
545

 
504

 
1,603

 
1,511

Patents
20

 
29

 
64

 
85

Service Agreements
$
165

 
$

 
$
651

 
$

Total amortization
$
6,907

 
$
5,892

 
$
21,137

 
$
17,339


The amortization expense amounts shown above include internally developed software not held for sale of $0.5 million and $1.5 million for the three and nine months ended September 30, 2018, respectively. The amortization expense for internally developed software not held for sale is recorded within the Company's income statement as a general and administrative operating expense.

Expected amortization expense related to amortizable intangible assets is as follows (in thousands):
Three months ending December 31, 2018
$
6,750

2019
26,060

2020
23,580

2021
22,170

2022
18,533

2023
17,511

Thereafter
41,019

Total expected amortization expense
$
155,623