Goodwill And Other Intangible Assets

6 Months Ended

Jun. 30, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Note 4 – Goodwill and Other Intangible Assets

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


(in thousands)	Americas		Asia		Total
Goodwill as of December 31, 2020 and June 30, 2021	$	154,014	$	38,102	$	192,116

Other assets, net consist primarily of acquired identifiable intangible assets and capitalized purchased software costs. Acquired identifiable intangible assets and purchased software as of June 30, 2021 and December 31, 2020 were as follows:


(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	100,189	$	(56,562	)	$	43,627
Purchased software costs		48,091		(34,110	)		13,981
Technology licenses		28,800		(26,847	)		1,953
Trade names and trademarks		7,800		—			7,800
Other		868		(345	)		523
Intangible assets, June 30, 2021	$	185,748	$	(117,864	)	$	67,884


(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	100,228	$	(53,429	)	$	46,799
Purchased software costs		46,183		(33,307	)		12,876
Technology licenses		28,800		(26,833	)		1,967
Trade names and trademarks		7,800		—			7,800
Other		868		(333	)		535
Intangible assets, December 31, 2020	$	183,879	$	(113,902	)	$	69,977

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 14 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, 2021 and 2020 were as follows:


	Six Months Ended June 30,
(in thousands)	2021		2020
Amortization of intangible assets	$	3,197	$	4,752
Amortization of capitalized purchased software costs		832		736
Amortization of debt costs		230		230
	$	4,259	$	5,718

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
2021 (remaining six months)	$	3,450
2022		6,766
2023		6,408
2024		5,277
2025		5,215