Goodwill And Other Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill And Other Intangible Assets [Abstract]

Goodwill And Other Intangible Assets

Note 6—Goodwill and Other Intangible Assets

The changes each year in goodwill allocated to the Company’s reportable segments were as follows:

(in thousands)			Americas		Asia		Total
	Goodwill as of December 31, 2016	$	153,514	$	38,102	$	191,616
	Goodwill as of December 31, 2017	$	153,514	$	38,102	$	191,616
	Acquisition		500		—		500
	Goodwill as of December 31, 2018	$	154,014	$	38,102	$	192,116
	Goodwill as of December 31, 2019	$	154,014	$	38,102	$	192,116

During 2018, the Company completed an individually immaterial business acquisition for $2.7 million. See Note 2.

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

			Gross				Net
			Carrying	Accumulated			Carrying
(in thousands)			Amount	Amortization			Amount
	Customer relationships	$	100,123	$	(46,981)	$	53,142
	Purchased software costs		41,604		(32,012)		9,592
	Technology licenses		28,800		(24,100)		4,700
	Trade names and trademarks		7,800		—		7,800
	Other		868		(309)		559
	Intangible assets, December 31, 2019	$	179,195	$	(103,402)	$	75,793
			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
	Intangible assets, December 31, 2018	$	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. During 2019, 2018 and 2017, $2.5million, $3.9 million and $3.7 million, respectively, of purchased software costs were capitalized. Amortization on the statements of cash flow for 2019, 2018 and 2017 was as follows:

		Year Ended December 31,
(in thousands)		2019		2018		2017
Amortization of intangible assets	$	9,461	$	9,485	$	10,065
Amortization of capitalized purchased software costs		1,393		1,198		1,078
Amortization of debt costs		461		2,717		861
	$	11,315	$	13,400	$	12,004

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
	2020	$ 10,695
	2021	8,098
	2022	7,946
	2023	6,718
	2024	5,555