Amortization expense related to intangible assets with definite lives |
The following table summarizes the components of gross and net intangible asset balances (in thousands):
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June 30, 2019 |
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December 31, 2018 |
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Gross Carrying Amount |
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Accumulated Impairment |
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Accumulated Amortization |
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Net Book Value |
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Gross Carrying Amount |
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Accumulated Impairment |
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Accumulated Amortization |
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Net Book Value |
Intangible assets with definite lives: |
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Technology |
$ |
110,516 |
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$ |
(6,636 |
) |
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$ |
(53,225 |
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$ |
50,655 |
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$ |
111,198 |
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$ |
(6,768 |
) |
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$ |
(50,046 |
) |
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$ |
54,384 |
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Customer related |
99,050 |
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(50 |
) |
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(44,523 |
) |
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54,477 |
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99,440 |
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(1,961 |
) |
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(38,574 |
) |
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58,905 |
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Trade names |
47,047 |
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(3,831 |
) |
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(22,714 |
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20,502 |
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47,217 |
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(4,397 |
) |
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(19,250 |
) |
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23,570 |
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Internally developed software |
16,282 |
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— |
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(15,179 |
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1,103 |
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16,264 |
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— |
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(14,164 |
) |
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2,100 |
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Patents |
2,953 |
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(132 |
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(2,801 |
) |
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20 |
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2,718 |
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(133 |
) |
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(2,524 |
) |
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61 |
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Service Agreements |
1,190 |
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— |
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(962 |
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228 |
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1,190 |
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— |
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(757 |
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433 |
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Definite-lived intangible assets |
$ |
277,038 |
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$ |
(10,649 |
) |
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$ |
(139,404 |
) |
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$ |
126,985 |
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$ |
278,027 |
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$ |
(13,259 |
) |
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$ |
(125,315 |
) |
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$ |
139,453 |
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Amortization expense |
Amortization expense related to intangible assets with definite lives was as follows (in thousands):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2019 |
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2018 |
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2019 |
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2018 |
Technology |
$ |
1,729 |
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$ |
2,558 |
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$ |
3,467 |
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$ |
4,378 |
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Customer related |
2,167 |
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2,302 |
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4,350 |
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5,183 |
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Trade names |
1,491 |
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1,456 |
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2,989 |
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3,082 |
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Internally developed software |
506 |
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528 |
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1,010 |
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1,058 |
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Patents |
20 |
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22 |
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40 |
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43 |
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Service Agreements |
$ |
103 |
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$ |
486 |
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205 |
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|
486 |
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Total amortization |
$ |
6,016 |
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$ |
7,352 |
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$ |
12,061 |
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$ |
14,230 |
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Expected amortization expense related to amortizable intangible assets |
Expected amortization expense related to amortizable intangible assets is as follows (in thousands):
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Six months ending December 31, 2019 |
$ |
11,333 |
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2020 |
21,805 |
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2021 |
20,918 |
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2022 |
17,473 |
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2023 |
16,500 |
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2024 |
14,592 |
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Thereafter |
24,364 |
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Total expected amortization expense |
$ |
126,985 |
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