Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets

Goodwill and Intangible Assets

8.      Goodwill and Intangible Assets

The Company maintained goodwill of $150,760 as of March 31, 2020 and December 31, 2019. Management has not identified any triggering events during the three months ended March 31, 2020.

Intangible assets consisted of the following as of March 31, 2020 and December 31, 2019:

	Weighted Average
	Amortization Period			Accumulated		Intangible
	(in years)	Gross Value		Amortization		Assets, net
March 31, 2020
Trade names	7.1	$	11,255	$	(4,211)	$	7,044
Client relationships	12.2		128,169		(23,753)		104,416
Non-competition agreements	5.0		6,602		(2,971)		3,631
Developed technology	8.0		68,593		(18,134)		50,459
Patient database	5.0		21,700		(4,702)		16,998
Domain name	10.0		59		(16)		43
Total intangible assets		$	236,378	$	(53,787)	$	182,591

	Weighted Average
	Amortization Period			Accumulated		Intangible
	(in years)	Gross Value		Amortization		Assets, net
December 31, 2019
Trade names	7.1	$	11,255	$	(3,845)	$	7,410
Client relationships	12.2		128,169		(20,977)		107,192
Non-competition agreements	5.0		6,602		(2,641)		3,961
Developed technology	8.0		68,593		(15,870)		52,723
Patient database	5.0		21,700		(3,617)		18,083
Domain name	10.0		59		(15)		44
Total intangible assets		$	236,378	$	(46,965)	$	189,413

Amortization expense for intangible assets for the three months ended March 31, 2020 and 2019 was $6,822 and $4,667, respectively.

The estimated amortization expense for the remainder of 2020 and each of the next five years and thereafter is as follows:

Years Ending December 31,
2020 (April 1 - December 31)	$	20,467
2021		27,185
2022		26,123
2023		24,913
2024		17,912
2025		12,042
Thereafter		53,949
Total estimated amortization expense	$	182,591