Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

Changes in the Company’s goodwill balance for the three months ended March 31, 2020 are summarized in the table below (in thousands):

Balance at December 31, 2019	$	346,134
Acquired in business combinations	39,646
Adjustment related to prior year business combinations	(996)
Foreign currency translation adjustment	(7,039)
Balance at March 31, 2020	$	377,745

Summary of intangible assets, net

The following is a summary of the Company’s intangible assets, net (in thousands):

	Estimated Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
March 31, 2020:
Customer relationships	1-10	$	307,854	$	61,530	$	246,324
Trade name	1.5-10	8,953		4,042		4,911
Developed technology	4-9	76,577		25,342		51,235
Non-compete agreements	3	1,148		670		478
Total intangible assets		$	394,532	$	91,584	$	302,948

	Estimated Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
December 31, 2019:
Customer relationships	1-10	$	283,005	$	53,984	$	229,021
Trade name	1.5-10	8,827		3,884		4,943
Developed technology	4-9	71,522		23,333		48,189
Non-compete agreements	3	1,148		574		574
Total intangible assets		$	364,502	$	81,775	$	282,727

Estimated annual amortization expense

Estimated annual amortization expense for the next five years and thereafter is as follows (in thousands):

	Amortization Expense
Year ending December 31:
Remainder of 2020	$	33,275
2021	42,822
2022	40,290
2023	38,244
2024	35,603
2025 and thereafter	112,714
Total	$	302,948