Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2020

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)	2020		2019
Definite-lived intangible assets, net:
Investment contracts and other	$	489,570	$	489,570
Accumulated amortization	(252,822)		(222,695)
Definite-lived intangible assets, net	236,748		266,875
Indefinite-lived intangible assets	43,516		43,516
Total intangible assets, net	$	280,264	$	310,391

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

	Years Ended December 31,
(in thousands)	2020		2019		2018
Intangible assets, net
Balance, beginning of period	$	310,391	$	338,812	$	301,954
Acquisitions	—		1,823		62,000
Amortization expense	(30,127)		(30,244)		(25,142)
Balance, end of period	$	280,264	$	310,391	$	338,812
Goodwill
Balance, beginning of period	$	290,366	$	290,366	$	170,153
Acquisitions	—		—		120,213
Balance, end of period	$	290,366	$	290,366	$	290,366

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

Fiscal Year	Amount
2021	$	30,116
2022	29,992
2023	29,330
2024	23,689
2025	18,921
2026 and Thereafter	104,700
	$	236,748

At December 31, 2020, the weighted average estimated remaining amortization period for definite-lived intangible assets was 9.9 years.