| 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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September 30, 2021 |
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December 31, 2020 |
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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 |
$ |
109,885 |
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|
$ |
(12,453) |
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|
$ |
(68,245) |
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|
$ |
29,187 |
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$ |
112,138 |
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|
$ |
(12,480) |
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|
$ |
(64,203) |
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$ |
35,455 |
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| Customer related |
91,907 |
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(50) |
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(56,703) |
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35,154 |
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94,526 |
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(50) |
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(51,247) |
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43,229 |
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| Trade names |
46,348 |
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(3,575) |
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(35,895) |
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6,878 |
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47,058 |
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(3,677) |
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(31,890) |
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11,491 |
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| Internally developed software |
13,281 |
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— |
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(12,961) |
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320 |
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13,281 |
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— |
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(12,845) |
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436 |
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| Patents |
2,735 |
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(133) |
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(2,602) |
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— |
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2,810 |
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(133) |
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(2,677) |
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— |
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| Service agreements |
1,190 |
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— |
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(1,149) |
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41 |
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1,190 |
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— |
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(1,119) |
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71 |
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| Definite-lived intangible assets |
$ |
265,346 |
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$ |
(16,211) |
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$ |
(177,555) |
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$ |
71,580 |
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$ |
271,003 |
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$ |
(16,340) |
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$ |
(163,981) |
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$ |
90,682 |
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| Intangible assets with indefinite lives: |
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| Intellectual Property |
$ |
2,022 |
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$ |
— |
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$ |
— |
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$ |
2,022 |
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$ |
2,059 |
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$ |
— |
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$ |
— |
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$ |
2,059 |
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| Total intangible assets |
$ |
267,368 |
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$ |
(16,211) |
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$ |
(177,555) |
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$ |
73,602 |
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$ |
273,062 |
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$ |
(16,340) |
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$ |
(163,981) |
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$ |
92,741 |
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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
September 30, |
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Nine Months Ended
September 30, |
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2021 |
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2020 |
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2021 |
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2020 |
| Technology |
$ |
1,686 |
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$ |
8,162 |
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$ |
5,259 |
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$ |
11,572 |
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| Customer related |
2,168 |
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|
2,204 |
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6,904 |
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6,468 |
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| Trade names |
1,459 |
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1,767 |
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4,431 |
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|
4,700 |
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| Internally developed software |
24 |
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51 |
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116 |
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188 |
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| Service agreements |
10 |
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10 |
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30 |
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30 |
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| Total amortization |
$ |
5,347 |
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$ |
12,194 |
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$ |
16,740 |
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$ |
22,958 |
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| Expected amortization expense related to amortizable intangible assets |
Expected amortization expense related to definite-lived amortizable intangible assets is as follows (in thousands):
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| Three months ending December 31, 2021 |
$ |
5,300 |
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| 2022 |
17,837 |
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| 2023 |
15,066 |
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| 2024 |
13,144 |
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| 2025 |
12,532 |
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| 2026 |
2,414 |
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| Thereafter |
5,287 |
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| Total expected amortization expense |
$ |
71,580 |
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