Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2020

Changes in Carrying Value of Goodwill

The following table represents the change in the carrying value of goodwill for the three months ended March 31, 2020 (amounts in thousands):

Balance as of December 31, 2019	$	468,413
Goodwill adjustment related to C Technologies, Inc.		293
Cumulative translation adjustment		(324	)
Balance as of March 31, 2020	$	468,382

Intangible assets

Intangible assets, net consisted of the following at March 31, 2020:

	March 31, 2020
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (in years)
	(Amounts in thousands)
Finite-lived intangible assets:
Technology—developed	$	82,095	$	(10,725	)	$	71,370		19
Patents		240		(240	)		—		8
Customer relationships		160,425		(27,970	)		132,455		15
Trademarks		3,752		(380	)		3,372		20
Other intangibles		1,696		(1,067	)		629		3
Total finite-lived intangible assets		248,208		(40,382	)		207,826		16
Indefinite-lived intangible asset:
Trademarks		700		—			700		—
Total intangible assets	$	248,908	$	(40,382	)	$	208,526

Intangible assets consisted of the following at December 31, 2019:

	December 31, 2019
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (in years)
	(Amounts in thousands)
Finite-lived intangible assets:
Technology—developed	$	82,169	$	(9,669	)	$	72,500		19
Patents		240		(240	)		—		8
Customer relationships		160,825		(25,642	)		135,183		15
Trademarks		3,752		(333	)		3,419		20
Other intangibles		1,697		(947	)		750		3
Total finite-lived intangible assets		248,683		(36,831	)		211,852		16
Indefinite-lived intangible asset:
Trademarks		700		—			700		—
Total intangible assets	$	249,383	$	(36,831	)	$	212,552

Schedule of Amortization Expense for Amortized Intangible Assets

As of March 31, 2020, the Company expects to record the following amortization expense (amounts in thousands):

	Estimated
	Amortization
For the Three Months Ended March 31,	Expense
2020 (remaining nine months)	$	11,348
2021		14,728
2022		14,726
2023		14,630
2024		14,188
2025 and thereafter		138,206
Total	$	207,826