Goodwill and Other Intangibles

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

8 Goodwill and Other Intangibles

The carrying amount of goodwill was $356 million at both December 31, 2019 and 2018.

The Company’s intangible assets included in the consolidated balance sheets are detailed as follows (dollars in thousands):


	December 31, 2019						December 31, 2018
	Gross Carrying Amount		Accumulated Amortization		Weighted- Average Amortization Period		Gross Carrying Amount		Accumulated Amortization		Weighted- Average Amortization Period
Capitalized software	$	481,986	$	333,255		5 years	$	454,307	$	307,634		5 years
Purchased intangibles		200,523		151,722		11 years		201,566		144,184		11 years
Trademarks and IPR&D		13,782		—		—		13,677		—		—
Licenses		5,669		5,298		6 years		5,568		4,875		6 years
Patents and other intangibles		83,035		54,517		8 years		77,753		49,276		8 years

Total	$	784,995	$	544,792		7 years	$	752,871	$	505,969		7 years

The gross carrying value of intangible assets and accumulated amortization for intangible assets decreased by $12 million and $11 million, respectively, in the year ended December 31, 2019 due to the effects of foreign currency translation. Amortization expense for intangible assets was $51 million, $50 million and $45 million for the years ended December 31, 2019, 2018 and 2017, respectively. Amortization expense for intangible assets is estimated to be $52 million per year for each of the next five years.