Goodwill and Other Intangibles

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

8 Goodwill and Other Intangibles

The carrying amount of goodwill was $444 million and $356 million at December 31, 2020 and 2019, respectively. The acquisitions of Andrew Alliance and ISS Solutions increased goodwill by $72 million and $5 million, respectively, while the effect of foreign currency translation increased goodwill by $11 million.

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


	December 31, 2020						December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Weighted- Average Amortization Period		Gross Carrying Amount		Accumulated Amortization		Weighted- Average Amortization Period
Capitalized software	$	584,452	$	409,847		5 years	$	481,986	$	333,255		5 years
Purchased intangibles		205,585		160,342		11 years		200,523		151,722		11 years
Trademarks and IPR&D		9,680		—		—		13,782		—		—
Licenses		5,923		5,697		6 years		5,669		5,298		6 years
Patents and other intangibles		90,699		61,808		8 years		83,035		54,517		8 years

Total	$	896,339	$	637,694		7 years	$	784,995	$	544,792		7 years

The gross carrying value of intangible assets and accumulated amortization for intangible assets increased by $58 million and $42 million, respectively, in the year ended December 31, 2020 due to the effects of foreign currency translation. Amortization expense for intangible assets was $57 million, $51 million and $50 million for the years ended December 31, 2020, 2019 and 2018, respectively. Amortization expense for intangible assets is estimated to be $57 million per year for each of the next five years.

During 2020, the Company recorded a

non-cash

charge of $10 million for the impairment of certain intangible assets associated with its 2014 acquisition of Medimass due to a shift in strategic priorities. As a result, the Company reduced the gross carrying amount and accumulated amortization balances of its intangible assets by $15 million and $5 million, respectively.