INTANGIBLE ASSETS AND GOODWILL

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The carrying amount of goodwill by reporting unit as of both September 30, 2021, and December 31, 2020 was $88.9 million for Advanced Plan Administration, $190.2 million for Supplemental Benefits Administration, $138.2 million for Value Based Payment Assurance and $37.9 million for Advisory Services, respectively.

The goodwill allocated to the Technology Enabled Solutions and Advisory Services reportable segments is $417.3 million and $37.9 million, respectively as of September 30, 2021, and December 31, 2020. Goodwill is assessed for impairment on an annual basis and on an interim basis when indicators of impairment exist. There were no indicators of impairment as of September 30, 2021.

The carrying value of identifiable intangible assets consisted of the following as of September 30, 2021:


(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets
Trade names	$	27,300	$	(3,031)	$	24,269
Customer relationships	189,000		(35,795)		153,205
Technology	47,800		(9,958)		37,842
Capitalized software development costs	10,628		(1,390)		9,238
Total intangible assets	$	274,728	$	(50,174)	$	224,554

The carrying value of identifiable intangible assets consisted of the following as of December 31, 2020:


(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets
Trade names	$	27,300	$	(1,940)	$	25,360
Customer relationships	189,000		(22,909)		166,091
Technology	47,800		(6,373)		41,427
Capitalized software development costs	6,405		(441)		5,964
Total intangible assets	$	270,505	$	(31,663)	$	238,842

Amortization expense for Trade names, Customer relationships and Technology for the three months ended September 30, 2021, and 2020, totaled $5.9 million for each period. Amortization expense for Trade names, Customer relationships and Technology for the nine months ended September 30, 2021, and 2020, totaled $17.6 million for each period.

Amortization expense for Capitalized software development costs for the three months ended September 30, 2021, and 2020, totaled $0.2 million and $0.1 million, respectively. Amortization expense for Capitalized software development costs for the nine months ended September 30, 2021, and 2020, totaled $0.9 million and $0.2 million, respectively.