XML 24 R13.htm IDEA: XBRL DOCUMENT v3.19.1
Goodwill And Other Intangible Assets
3 Months Ended
Mar. 31, 2019
Goodwill And Other Intangible Assets [Abstract]  
Goodwill And Other Intangible Assets

Note 6 – Goodwill and Other Intangible Assets

Goodwill allocated to the Company’s reportable segments was as follows:

(in thousands)AmericasAsiaTotal
Goodwill as of December 31, 2018 and March 31, 2019$154,014$38,102$192,116

Other assets consist primarily of acquired identifiable intangible assets and capitalized purchased software costs. Intangible assets as of March 31, 2019 and December 31, 2018 were as follows:

As of March 31, 2019
GrossNet
CarryingAccumulatedCarrying
(in thousands)AmountAmortizationAmount
Customer relationships$100,123$(42,224)$57,899
Purchased software costs39,811(30,991)8,820
Technology licenses28,800(21,781)7,019
Trade names and trademarks7,8007,800
Other868(291)577
Total$177,402$(95,287)$82,115
As of December 31, 2018
GrossNet
CarryingAccumulatedCarrying
(in thousands)AmountAmortizationAmount
Customer relationships$100,146$(40,661)$59,485
Purchased software costs39,069(30,626)8,443
Technology licenses28,800(21,006)7,794
Trade names and trademarks7,8007,800
Other868(285)583
Total$176,683$(92,578)$84,105

Customer relationships are being amortized on a straight-line basis over a period of 10 to 14 years. Capitalized purchased software costs are amortized straight-line over the estimated useful life of the related software, which ranges from 2 to 10 years. Technology licenses are being amortized over their estimated useful lives in proportion to the economic benefits consumed. The Company’s acquired trade names and trademarks have been determined to have an indefinite life. Amortization on the statements of cash flow for the three months ended March 31, 2019 and 2018 was as follows:

Three Months Ended
March 31,
(in thousands)20192018
Amortization of intangible assets$2,367$2,366
Amortization of capitalized purchased software costs371259
Amortization of debt costs115218
$2,853$2,843

The estimated future amortization expense of acquired intangible assets for each of the next five years is as follows (in thousands):

Year ending December 31,Amount
2019 (remaining nine months)$8,240
202010,215
20217,136
20226,943
20236,543