Amortization expense related to intangible assets with definite lives |
The following table summarizes the components of gross and net intangible asset balances (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2020 |
|
December 31, 2019 |
|
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 |
$ |
110,139 |
|
|
$ |
(12,459) |
|
|
$ |
(61,380) |
|
|
$ |
36,300 |
|
|
$ |
108,400 |
|
|
$ |
(6,035) |
|
|
$ |
(55,408) |
|
|
$ |
46,957 |
|
Customer related |
92,178 |
|
|
(50) |
|
|
(47,737) |
|
|
44,391 |
|
|
90,351 |
|
|
(50) |
|
|
(40,527) |
|
|
49,774 |
|
Trade names |
46,437 |
|
|
(3,595) |
|
|
(30,071) |
|
|
12,771 |
|
|
45,874 |
|
|
(3,237) |
|
|
(25,355) |
|
|
17,282 |
|
Internally developed software |
13,281 |
|
|
— |
|
|
(12,794) |
|
|
487 |
|
|
13,281 |
|
|
— |
|
|
(12,606) |
|
|
675 |
|
Patents |
2,750 |
|
|
(133) |
|
|
(2,617) |
|
|
— |
|
|
2,692 |
|
|
(133) |
|
|
(2,559) |
|
|
— |
|
Service agreements |
1,190 |
|
|
— |
|
|
(1,109) |
|
|
81 |
|
|
1,190 |
|
|
— |
|
|
(1,079) |
|
|
111 |
|
Definite-lived intangible assets |
$ |
265,975 |
|
|
$ |
(16,237) |
|
|
$ |
(155,708) |
|
|
$ |
94,030 |
|
|
$ |
261,788 |
|
|
$ |
(9,455) |
|
|
$ |
(137,534) |
|
|
$ |
114,799 |
|
|
Amortization expense |
Amortization expense related to intangible assets with definite lives was as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
|
2020 |
|
2019 |
|
2020 |
|
2019 |
Technology |
$ |
8,162 |
|
|
$ |
1,719 |
|
|
$ |
11,572 |
|
|
$ |
5,186 |
|
Customer related |
2,204 |
|
|
2,159 |
|
|
6,468 |
|
|
6,509 |
|
Trade names |
1,767 |
|
|
1,487 |
|
|
4,700 |
|
|
4,476 |
|
Internally developed software |
51 |
|
|
359 |
|
|
188 |
|
|
1,369 |
|
Patents |
— |
|
|
20 |
|
|
— |
|
|
60 |
|
Service agreements |
$ |
10 |
|
|
$ |
102 |
|
|
30 |
|
|
307 |
|
Total amortization |
$ |
12,194 |
|
|
$ |
5,846 |
|
|
$ |
22,958 |
|
|
$ |
17,907 |
|
|
Expected amortization expense related to amortizable intangible assets |
Expected amortization expense related to definite-lived amortizable intangible assets is as follows (in thousands):
|
|
|
|
|
|
Three months ending December 31, 2020 |
$ |
5,264 |
|
2021 |
20,186 |
|
2022 |
16,765 |
|
2023 |
15,806 |
|
2024 |
13,877 |
|
2025 |
13,261 |
|
Thereafter |
8,871 |
|
Total expected amortization expense |
$ |
94,030 |
|
|