Goodwill And Other Intangible Assets

6 Months Ended

Jun. 30, 2020

Goodwill And Other Intangible Assets [Abstract]

Goodwill And Other Intangible Assets

Note 5 – Goodwill and Other Intangible Assets

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

(in thousands)		Americas		Asia		Total
Goodwill as of December 31, 2019 and June 30, 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 June 30, 2020 and December 31, 2019 were as follows:

		As of June 30, 2020
		Gross				Net
		Carrying	Accumulated			Carrying
(in thousands)		Amount	Amortization			Amount
Customer relationships	$	100,124	$	(50,154)	$	49,970
Purchased software costs		43,365		(32,637)		10,728
Technology licenses		28,800		(25,669)		3,131
Trade names and trademarks		7,800		—		7,800
Other		868		(321)		547
Total	$	180,957	$	(108,781)	$	72,176

		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 six months ended June 30, 2020 and 2019 was as follows:

	Six Months Ended
	June 30,
(in thousands)		2020		2019
Amortization of intangible assets	$	4,752	$	4,728
Amortization of capitalized purchased software costs		736		747
Amortization of debt costs		230		230
	$	5,718	$	5,705

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 six months)	$	5,330
2021		8,142
2022		8,001
2023		6,755
2024		5,581