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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill Attributable to Software Reporting Segment

The changes in the carrying amount of goodwill, which is attributable to the Software reportable segment, were as follows (in thousands):

 

Balance as of January 1, 2021

 

$

264,481

 

Acquisitions

 

$

8,550

 

Effects of foreign currency translation and other

 

 

(4,143

)

Balance as of September 30, 2021

 

$

268,888

 

 

Schedule of Other Intangible Assets

A summary of other intangible assets is shown below (in thousands):

 

 

 

September 30, 2021

 

 

 

Weighted average

amortization period

 

Gross carrying

amount

 

 

Accumulated amortization

 

 

Net carrying amount

 

Definite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

4-6 years

 

$

78,170

 

 

$

46,983

 

 

$

31,187

 

Customer relationships

 

7-10 years

 

 

39,739

 

 

 

20,582

 

 

 

19,157

 

Other intangibles

 

4-10 years

 

 

342

 

 

 

125

 

 

 

217

 

Total definite-lived intangible assets

 

 

 

 

118,251

 

 

 

67,690

 

 

 

50,561

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

 

 

10,979

 

 

 

 

 

 

 

10,979

 

Total other intangible assets

 

 

 

$

129,230

 

 

$

67,690

 

 

$

61,540

 

 

 

 

 

December 31, 2020

 

 

 

Weighted average

amortization period

 

Gross carrying

amount

 

 

Accumulated

amortization

 

 

Net carrying

amount

 

Definite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

4-6 years

 

$

78,841

 

 

$

37,651

 

 

$

41,190

 

Customer relationships

 

7-10 years

 

 

40,207

 

 

 

16,673

 

 

 

23,534

 

Other intangibles

 

4-10 years

 

 

344

 

 

 

84

 

 

 

260

 

Total definite-lived intangible assets

 

 

 

 

119,392

 

 

 

54,408

 

 

 

64,984

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

 

 

11,130

 

 

 

 

 

 

 

11,130

 

Total other intangible assets

 

 

 

$

130,522

 

 

$

54,408

 

 

$

76,114