Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, net (Tables)

v3.19.1
Intangible Assets, net (Tables)
3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
Intangible assets, net consisted of the following (dollars in thousands):
 
 
 
March 31, 2019
 
Weighted Average Useful Lives
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Intangible assets:
 
 
 
 
 
 
 
Definite life:
 
 
 
 
 
 
 
Existing technology -- software
5.2 years
 
$
36,799

 
$
24,960

 
$
11,839

Developed technology
8.0 years
 
7,317

 
5,030

 
2,287

Customer relationships
8.7 years
 
138,358

 
78,699

 
59,659

Backlog
3.0 years
 
18,300

 
16,268

 
2,032

Other
5.1 years
 
1,249

 
731

 
518

Total
 
 
$
202,023

 
$
125,688

 
$
76,335


 
 
 
December 31, 2018
 
Weighted Average Useful Lives
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Intangible assets:
 
 
 
 
 
 
 
Definite life:
 
 
 
 
 
 
 
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
We expect to record amortization of intangible assets as follows (in thousands):
Year ending December 31,       
Amount
2019 (remaining nine months)
$
20,844

2020
22,263

2021
13,824

2022
7,907

2023
6,890

Thereafter
4,607

Total
$
76,335