Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill was recognized at the time of our acquisitions. The following table presents the carrying amount of goodwill allocated to our reportable segments, as well as the changes to goodwill during the six months ended June 30, 2020:

	Reporting Segment				Corporate and Other
(in thousands)	Healthcare		Research				Total
Balance at December 31, 2019	$	276,014	$	16,293	$	9,014	$	301,321
Currency translation	12		—		—		12
Balance at June 30, 2020	$	276,026	$	16,293	$	9,014	$	301,333

The gross carrying amounts and accumulated amortization of our intangible assets are as follows:

(in thousands, except years)	Weighted Average Life (Years)	June 30, 2020			December 31, 2019
Gross Carrying Value:
Customer relationships	10.1	$	154,894		$	149,420
Technology, including internally developed software	6.7	24,399			21,892
Backlog	4.0	3,100			3,100
Trade names	15.0	2,500			2,500
Covenants not to compete	4.7	425			424
Total intangible assets, gross		185,318			177,336
Accumulated Amortization:
Customer relationships		(45,548		)	(38,270		)
Technology, including internally developed software		(7,727		)	(6,153		)
Backlog		(3,100		)	(2,842		)
Trade names		(222		)	(138		)
Covenants not to compete		(397		)	(337		)
Total accumulated amortization		(56,994		)	(47,740		)
Total intangible assets, net		$	128,324		$	129,596

During the quarter ended June 30, 2020, we acquired customer relationships in exchange for future payments included in other long-term liabilities on our consolidated balance sheet.

The estimated amortization for our finite-lived intangible assets for the remainder of 2020, the next four fiscal years, and thereafter, is summarized as follows as of June 30, 2020:

(in thousands)
Remainder of 2020	$	10,127
2021	20,050
2022	19,541
2023	18,763
2024	17,231
Thereafter	42,612
Total estimated amortization	$	128,324