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Goodwill and Other Intangible Assets, Net
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets, Net Goodwill and Other Intangible Assets, Net
The changes in the carrying amount of goodwill were as follows (in thousands):
Balance, January 1, 2019$515,321 
Acquisitions43,804 
Measurement period adjustments(1,211)
Balance, December 31, 2019557,914 
Acquisitions6,294 
Measurement period adjustments(3,876)
Balance, December 31, 2020$560,332 
Goodwill is not amortized and is reviewed annually for impairment or more frequently if impairment indicators arise, in accordance with U.S. GAAP guidance on Goodwill and Other Intangible Assets. Newmark completed its annual goodwill impairment testing for the years ended December 31, 2020 and 2019, which did not result in a goodwill impairment (see Note 4 — “Acquisitions” for more information).

Other intangible assets consisted of the following (in thousands, except weighted-average life):
 December 31, 2020
 Gross
Amount
Accumulated
Amortization
Net
Carrying
Amount
Weighted-
Average
Remaining
Life (Years)
Indefinite life:    
Trademark and trade names$11,350 $— $11,350 N/A
License agreements (GSE)5,390 — 5,390 N/A
Definite life:
Trademark and trade names5,704 (4,519)1,185 0.1
Non-contractual customers30,131 (9,729)20,402 7.2
License agreements4,981 (4,266)715 0.0
Non-compete agreements6,557 (2,920)3,637 0.6
Contractual customers3,052 (1,584)1,468 0.4
Below market leases350 (208)142 0.0
 Total$67,515 $(23,226)$44,289 5.5

 December 31, 2019
 Gross
Amount
Accumulated
Amortization
Net
Carrying
Amount
Weighted-
Average
Remaining
Life (Years)
Indefinite life:    
Trademark and trade names$11,350 $— $11,350 N/A
License agreements (GSE)5,390 — 5,390 N/A
Definite life:
Trademark and trade names10,511 (9,070)1,441 0.1
Non-contractual customers24,262 (6,109)18,153 7.4
License agreements4,981 (3,288)1,693 0.1
Non-compete agreements6,953 (2,434)4,519 0.8
Contractual customers3,052 (1,177)1,875 0.5
Below market leases941 (136)805 0.3
 Total$67,440 $(22,214)$45,226 4.9

Intangible amortization expense for the years ended December 31, 2020, 2019 and 2018 was $6.7 million, $6.9 million, and $5.6 million, respectively. Intangible amortization is included as a part of “Depreciation and amortization” on the accompanying consolidated statements of operations. Impairment charges are included in intangible amortization expense. During 2019, Newmark recorded an impairment charge of $1.6 million related to the RKF trademark and trade names.
        
    The estimated future amortization of definite life intangible assets as of December 31, 2020 was as follows (in thousands):
2021$5,700 
20223,660 
20233,301 
20242,747 
20252,287 
Thereafter9,854 
Total$27,549