Goodwill And Other Intangible Assets

3 Months Ended

Mar. 31, 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 March 31, 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 March 31, 2021 and December 31, 2020 were as follows:

(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	100,174	$	(54,961	)	$	45,213
Purchased software costs		46,820		(33,661	)		13,159
Technology licenses		28,800		(26,839	)		1,961
Trade names and trademarks		7,800		—			7,800
Other		868		(339	)		529
Intangible assets, March 31, 2021	$	184,463	$	(115,800	)	$	68,663

(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 three months ended March 31, 2021 and 2020 were as follows:

	Three Months Ended March 31,
(in thousands)	2021		2020
Amortization of intangible assets	$	1,598	$	2,381
Amortization of capitalized purchased software costs		369		395
Amortization of debt costs		115		115
	$	2,082	$	2,891

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 nine months)	$	5,049
2022		6,766
2023		6,408
2024		5,277
2025		5,215