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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.