Annual report pursuant to Section 13 and 15(d)

Intangible Assets, net (Tables)

v3.20.1
Intangible Assets, net (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
Intangible assets, net, consisted of the following (in thousands):
 
 
 
December 31, 2019
 
Weighted Average Useful Lives
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Existing technology - software
5.2 years
 
$
36,799

 
$
30,487

 
$
6,312

Developed technology
8.0 years
 
7,317

 
5,716

 
1,601

Customer relationships
8.7 years
 
138,358

 
91,124

 
47,234

Backlog
3.0 years
 
18,300

 
18,300

 

Other
5.1 years
 
1,249

 
913

 
336

Total
 
 
$
202,023

 
$
146,540

 
$
55,483


 
 
 
December 31, 2018
 
Weighted Average Useful Lives
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Existing technology - software
5.2 years
 
$
36,799

 
$
23,114

 
$
13,685

Developed technology
8.0 years
 
7,317

 
4,802

 
2,515

Customer relationships
8.7 years
 
138,358

 
74,558

 
63,800

Backlog
3.0 years
 
18,300

 
14,742

 
3,558

Other
5.1 years
 
1,249

 
671

 
578

Total
 
 
$
202,023

 
$
117,887

 
$
84,136



Schedule of Finite-Lived Intangible Assets, Amortization Expense
The Company expects to record amortization of the intangible assets as follows (in thousands):
Year Ending December 31,       
Amount
2020
$
22,262

2021
13,824

2022
7,907

2023
6,890

2024
4,230

Thereafter
370

Total
$
55,483