Goodwill And Other Intangible Assets

6 Months Ended

Jun. 30, 2019

Goodwill And Other Intangible Assets [Abstract]

Goodwill And Other Intangible Assets

Note 6 – Goodwill and Other Intangible AssetsGoodwill allocated to the Company’s reportable segments was as follows:

(in thousands)		Americas		Asia		Total
Goodwill as of December 31, 2018 and June 30, 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 June 30, 2019 and December 31, 2018 were as follows:

		As of June 30, 2019
		Gross				Net
		Carrying	Accumulated			Carrying
(in thousands)		Amount	Amortization			Amount
Customer relationships	$	100,138	$	(43,825)	$	56,313
Purchased software costs		40,399		(31,371)		9,028
Technology licenses		28,800		(22,550)		6,250
Trade names and trademarks		7,800		—		7,800
Other		868		(297)		571
Total	$	178,005	$	(98,043)	$	79,962
		As of December 31, 2018
		Gross				Net
		Carrying	Accumulated			Carrying
(in thousands)		Amount	Amortization			Amount
Customer relationships	$	100,146	$	(40,661)	$	59,485
Purchased software costs		39,069		(30,626)		8,443
Technology licenses		28,800		(21,006)		7,794
Trade names and trademarks		7,800		—		7,800
Other		868		(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 six months ended June 30, 2019 and 2018 was as follows:

	Six Months Ended
	June 30,
(in thousands)		2019		2018
Amortization of intangible assets	$	4,728	$	4,733
Amortization of capitalized purchased software costs		747		540
Amortization of debt costs		230		437
	$	5,705	$	5,710

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 six months)	$	5,733
2020		10,706
2021		7,699
2022		7,621
2023		6,463