Goodwill And Other Intangible Assets

3 Months Ended

Mar. 31, 2020

Goodwill And Other Intangible Assets [Abstract]

Goodwill And Other Intangible Assets

Note 5 – 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, 2019 and March 31, 2020	$	154,014	$	38,102	$	192,116

Other assets, net consist primarily of acquired identifiable intangible assets and capitalized purchased software costs. Intangible assets as of March 31, 2020 and December 31, 2019 were as follows:

		As of March 31, 2020
		Gross				Net
		Carrying	Accumulated			Carrying
(in thousands)		Amount	Amortization			Amount
Customer relationships	$	100,102	$	(48,545)	$	51,557
Purchased software costs		42,569		(32,348)		10,221
Technology licenses		28,800		(24,890)		3,910
Trade names and trademarks		7,800		—		7,800
Other		868		(315)		553
Total	$	180,139	$	(106,098)	$	74,041

		As of December 31, 2019
		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
Total	$	179,195	$	(103,402)	$	75,793

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, 2020 and 2019 was as follows:

	Three Months Ended
	March 31,
(in thousands)		2020		2019
Amortization of intangible assets	$	2,381	$	2,367
Amortization of capitalized purchased software costs		395		371
Amortization of debt costs		115		115
	$	2,891	$	2,853

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 (remaining nine months)	$	7,906
2021		8,091
2022		7,949
2023		6,719
2024		5,555