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GOODWILL AND OTHER INTANGIBLE ASSETS
9 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS
The following table summarizes goodwill activity by segment for the nine months ended September 30, 2018 (in thousands):
 
North America
 
International
 
Consolidated
Balance as of December 31, 2017
$
178,685

 
$
108,304

 
$
286,989

Goodwill related to acquisition

 
46,217

 
46,217

Foreign currency translation

 
(5,776
)
 
(5,776
)
Balance as of September 30, 2018
$
178,685

 
$
148,745

 
$
327,430


The following table summarizes intangible assets as of September 30, 2018 and December 31, 2017 (in thousands):
 
September 30, 2018
 
December 31, 2017
Asset Category
Gross Carrying Value
 
Accumulated Amortization
 
Net Carrying Value
 
Gross Carrying Value
 
Accumulated Amortization
 
Net Carrying Value
Customer relationships
$
55,758

 
$
49,908

 
$
5,850

 
$
56,749

 
$
46,513

 
$
10,236

Merchant relationships
30,650

 
11,769

 
18,881

 
11,598

 
9,853

 
1,745

Trade names
14,390

 
11,298

 
3,092

 
12,077

 
10,469

 
1,608

Developed technology
37,093

 
36,680

 
413

 
36,864

 
36,864

 

Patents
36,184

 
16,236

 
19,948

 
19,031

 
15,204

 
3,827

Other intangible assets
11,294

 
10,446

 
848

 
10,875

 
9,095

 
1,780

Total
$
185,369

 
$
136,337

 
$
49,032

 
$
147,194

 
$
127,998

 
$
19,196


Amortization of intangible assets is computed using the straight-line method over their estimated useful lives, which range from 1 to 10 years. Amortization expense related to intangible assets was $3.9 million and $6.0 million for the three months ended September 30, 2018 and 2017, respectively, and $10.3 million and $17.6 million for the nine months ended September 30, 2018 and 2017, respectively. As of September 30, 2018, estimated future amortization expense related to intangible assets is as follows (in thousands):
Remaining amounts in 2018
$
4,448

2019
14,179

2020
8,279

2021
7,553

2022
7,237

Thereafter
7,336

Total
$
49,032


Sale of Intangible Assets
On September 15, 2017, we sold customer lists and other intangible assets in certain food delivery markets to a subsidiary of Grubhub Inc. ("Grubhub"). We recognized a pretax gain on the sale of assets of $17.1 million, which represents the excess of the $19.8 million in net proceeds received, consisting of $20.0 million in cash less $0.2 million in transaction costs, over the $2.7 million net book value of the assets upon closing of the transaction.