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 September 30, 2018	As of September 30,			As of December 31,
		2018			2017
Management contracts	2.9 years	$	42,334		$	67,306
Client relationships	9.8 years	38,600			38,600
Trade name	3.8 years	3,200			3,200
Other	Less than 1 year	242			—
Intangible assets		84,376			109,106
Less: accumulated amortization		(51,620		)	(68,641		)
Intangible assets, net		$	32,756		$	40,465

Amortization expense associated with intangible assets was $1.3 million and $3.7 million for the three months ended September 30, 2018 and 2017, respectively, and $8.0 million and $14.2 million for the nine months ended September 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	—		—		(68		)	(68		)
Balance as of September 30, 2018	$	32,196	$	58,600	$	53,031		$	143,827

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