Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, net (Tables)

v3.20.2
Intangible Assets, net (Tables)
6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
Intangible assets, net consisted of the following (dollars in thousands):
June 30, 2020
Weighted Average Useful Lives Gross Carrying Amount Accumulated Amortization Net Carrying Amount
Intangible assets:
Existing technology - software 5.2 years $ 36,799    $ 34,010    $ 2,789   
Developed Technology 8.0 years 7,317    6,174    1,143   
Customer relationships 8.7 years 138,358    99,402    38,956   
Backlog 3.0 years 18,300    18,300    —   
Other 5.1 years 1,249    1,040    209   
Total $ 202,023    $ 158,926    $ 43,097   
December 31, 2019
Weighted Average Useful Lives Gross Carrying Amount Accumulated Amortization Net Carrying Amount
Intangible assets:
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   
Schedule of Finite-Lived Intangible Assets, Amortization Expense
We expect to record amortization of intangible assets as follows (in thousands):
Year ending December 31,
Amount
2020 (remaining six months ended) $ 9,878   
2021 13,824   
2022 7,907   
2023 6,890   
2024 4,230   
Thereafter 368   
Total $ 43,097