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Goodwill And Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in carrying amounts of goodwill for the six months ended June 30, 2020 are as follows (in thousands):


	Fax and Martech		Voice, Backup, Security and CPP		Total Cloud Services		Digital Media		Consolidated
Balance as of January 1, 2020	$	397,788	$	480,084	$	877,872	$	755,161	$	1,633,033
Goodwill acquired (Note 4)	15,844		—		15,844		622		16,466
Goodwill reclassified to noncurrent assets held for sale⁽¹⁾	—		(13,595)		(13,595)		—		(13,595)
Purchase accounting adjustments ⁽²⁾	—		(2,130)		(2,130)		9,065		6,935
Foreign exchange translation	(685)		(4,325)		(5,010)		(542)		(5,552)
Balance as of June 30, 2020	$	412,947	$	460,034	$	872,981	$	764,306	$	1,637,287

⁽¹⁾ During the second quarter of 2020, the Company reclassified $13.6 million of goodwill to noncurrent assets held for sale in connection with certain Voice assets in Australia and New Zealand (see Note 6 - Assets Held for Sale).

⁽²⁾Purchase accounting adjustments relate to measurement period adjustments to goodwill in connection with prior business acquisitions (see Note 4 - Business Acquisitions).

Schedule Of Intangible Assets With Indefinite Lives

Intangible Assets with Indefinite Lives:

Intangible assets are summarized as of June 30, 2020 and December 31, 2019 as follows (in thousands):


	June 30, 2020		December 31, 2019
Trade names	$	27,382	$	27,379
Other	4,306		4,306
Total	$	31,688	$	31,685

Finite-Lived Intangible Assets By Major Class

Intangible Assets Subject to Amortization:

As of June 30, 2020, intangible assets subject to amortization relate primarily to the following (in thousands):


	Weighted-Average Amortization Period	Historical Cost		Accumulated Amortization		Net
Trade names	10.0 years	$	194,131	$	90,848	$	103,283
Patent and patent licenses	6.5 years	67,925		64,324		3,601
Customer relationships ⁽¹⁾	8.4 years	634,319		425,977		208,342
Other purchased intangibles	4.4 years	377,698		232,151		145,547
Total ⁽²⁾		$	1,274,073	$	813,300	$	460,773

⁽¹⁾ Historically, the Company has amortized its customer relationship assets in a pattern that best reflects the pace in which the asset’s benefits are consumed. This pattern results in a substantial majority of the amortization expense being recognized in the first 4 to 5 years, despite the overall life of the asset.

⁽²⁾Intangible assets of $2.0 million, which were classified as assets held for sale, were included in the total at June 30, 2020.

As of December 31, 2019, intangible assets subject to amortization relate primarily to the following (in thousands):


	Weighted-Average Amortization Period	Historical Cost		Accumulated Amortization		Net
Trade names	10.2 years	$	193,202	$	82,552	$	110,650
Patent and patent licenses	6.5 years	67,921		63,143		4,778
Customer relationships ⁽¹⁾	8.5 years	630,730		392,228		238,502
Other purchased intangibles	4.3 years	383,195		212,257		170,938
Total		$	1,275,048	$	750,180	$	524,868