GOODWILL AND INTANGIBLE ASSETS

Finite Lived Intangible Assets, Net

The Company's intangible assets include acquired management contracts, client relationships, a trade name, and the future benefits of managing new assets for existing clients that were recognized at fair value as of their acquisition dates.

The following table summarizes the carrying value, net of accumulated amortization, for the Company's intangible assets:



	Weighted Average Amortization Period as of June 30, 2018	As of June 30,			As of December 31,
	Weighted Average Amortization Period as of June 30, 2018	2018			2017
Management contracts	3.0 years	$	42,335		$	67,306
Client relationships	10.0 years	38,600			38,600
Trade name	4.0 years	3,200			3,200
Other(1)	0.7 years	180			—
Intangible assets		84,315			109,106
Less: accumulated amortization		(50,316		)	(68,641		)
Intangible assets, net		$	33,999		$	40,465


(1)	In connection with the CION Ares Diversified Credit Fund, the Company pays upfront commissions to brokers that sell class C shares in the fund. The Company is then entitled to 12 months of service fees from the sold shares, which are recorded as revenue.

Amortization expense associated with intangible assets was $3.3 million and $5.2 million for the three months ended June 30, 2018 and 2017, respectively, and $6.6 million and $10.5 million for the six months ended June 30, 2018 and 2017, respectively, and is presented within general, administrative and other expenses within the Condensed Consolidated Statements of Operations. During the first quarter of 2018, the Company removed $25.0 million of intangible assets that were fully amortized.

Goodwill

The following table summarizes the carrying value of the Company's goodwill assets:



	Credit		Private Equity		Real Estate			Total
Balance as of December 31, 2017	$	32,196	$	58,600	$	53,099		$	143,895
Foreign currency translation	—		—		(47		)	(47		)
Balance as of June 30, 2018	$	32,196	$	58,600	$	53,052		$	143,848

There was no impairment of goodwill recorded during the six months ended June 30, 2018 and 2017. The impact of foreign currency translation is reflected within other comprehensive income.