Intangible Assets, Net

3 Months Ended

Mar. 31, 2021

Intangible Assets, Net

Intangible Assets, Net

Note 6. Intangible Assets, Net

Intangible assets, net consist of the following (in thousands):

								Weighted
								Average
	Useful			Accumulated		Net Carrying		Remaining
	Life	Gross Value		Amortization		Value		Useful Life
March 31, 2021
Client relationships	2 to 20 years	$	1,466,769	$	(123,700)	$	1,343,069	15.2
Non-compete agreements	1.5 to 5 years		5,026		(4,940)		86	0.2
Trademarks	3 to 15 years		326,759		(23,018)		303,741	10.2
Patents	3 years		200		(200)		0	0
Capitalized software development costs	3 to 5 years		67,202		(27,400)		39,802	2.8
Technology	5 to 7 years		339,150		(28,634)		310,516	6.4
Intangible assets, net		$	2,205,106	$	(207,892)	$	1,997,214	12.8
December 31, 2020
Client relationships	2 to 20 years	$	1,460,648	$	(100,844)	$	1,359,804	15.4
Non-compete agreements	1.5 to 5 years		5,097		(4,872)		225	0.4
Trademarks	3 to 15 years		326,786		(15,576)		311,210	10.5
Patents	3 years		200		(200)		0	0
Capitalized software development costs	3 to 5 years		52,518		(24,771)		27,747	2.8
Technology	5 to 7 years		338,150		(16,272)		321,878	6.6
Intangible assets, net		$	2,183,399	$	(162,535)	$	2,020,864	13.1

Amortization expense for intangible assets was $46.6 million and $8.9 million for the quarters ended March 31, 2021 and 2020, respectively.