Intangible Assets, Net

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Intangible Assets, Net

Below is a summary of intangible assets, net:

(in thousands)	March 31, 2020			December 31, 2019
Definite-lived intangible assets:
Investment contracts and other	$	489,570		$	489,570
Accumulated amortization	(230,228		)	(222,695		)
Definite-lived intangible assets, net	259,342			266,875
Indefinite-lived intangible assets	43,516			43,516
Total intangible assets, net	$	302,858		$	310,391

Activity in intangible assets, net was as follows: 

	Three Months Ended March 31,
(in thousands)	2020			2019
Intangible assets, net
Balance, beginning of period	$	310,391		$	338,812
Amortization	(7,533		)	(7,541		)
Balance, end of period	$	302,858		$	331,271

Definite-lived intangible asset amortization for the remainder of fiscal year 2020 and succeeding fiscal years is estimated as follows:

Fiscal Year	Amount (in thousands)
Remainder of 2020	$	22,594
2021	30,116
2022	29,992
2023	29,330
2024	23,689
2025 and thereafter	123,621
	$	259,342