Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Below is a summary of intangible assets, net: 

	December 31,
(in thousands)	2019			2018
Definite-lived intangible assets, net:
Investment contracts and other	$	489,570		$	487,747
Accumulated amortization	(222,695		)	(192,451		)
Definite-lived intangible assets, net	266,875			295,296
Indefinite-lived intangible assets	43,516			43,516
Total intangible assets, net	$	310,391		$	338,812

Activity in goodwill and intangible assets, net was as follows: 

	Years Ended December 31,
(in thousands)	2019			2018			2017
Intangible assets, net
Balance, beginning of period	$	338,812		$	301,954		$	38,427
Acquisitions	1,823			62,000			275,700
Amortization expense	(30,244		)	(25,142		)	(12,173		)
Balance, end of period	$	310,391		$	338,812		$	301,954
Goodwill
Balance, beginning of period	$	290,366		$	170,153		$	6,788
Acquisitions	—			120,213			163,365
Balance, end of period	$	290,366		$	290,366		$	170,153

Definite-lived intangible asset amortization for the next five years and thereafter is estimated as follows (in thousands):

Fiscal Year	Amount
2020	$	30,127
2021	30,116
2022	29,992
2023	29,330
2024	23,689
2025 and Thereafter	123,621
	$	266,875

At December 31, 2019, the weighted average estimated remaining amortization period for definite-lived intangible assets is 10.7 years.