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Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The Company has two operating segments: (i) Market Making; (ii) Execution Services; and one non-operating segment: Corporate. As of March 31, 2019 and December 31, 2018, the Company’s total amount of goodwill recorded was $1,193.7 million and $836.6 million, respectively. The Company recognized $357.3 million of goodwill in connection with the ITG Acquisition, which was recorded in the Execution Services segment. No goodwill impairment was recognized during the three months ended March 31, 2019 and 2018. The following table presents the details of goodwill by segment:
(in thousands) |  | Market Making |  | Execution Services |  | Corporate |  | Total
Balance as of December 31, 2018 |  | $ | 755,292 |  |  | $ | 81,291 |  |  | $ | — |  |  | $ | 836,583 |
Goodwill recognized in ITG Acquisition |  | — |  |  | 357,334 |  |  | — |  |  | 357,334 |
Currency translation adjustment |  | — |  |  | (220 | ) |  | $ | — |  |  | (220 | )
Balance as of March 31, 2019 |  | $ | 755,292 |  |  | $ | 438,405 |  |  | $ | — |  |  | $ | 1,193,697 |
As of March 31, 2019 and December 31, 2018, the Company's total amount of intangible assets recorded was $552.5 million and $84.0 million, respectively. The Company acquired $479.6 million of intangible assets in connection with the ITG Acquisition. Acquired intangible assets consisted of the following as of March 31, 2019 and December 31, 2018:
|  | As of March 31, 2019
(in thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Useful Lives (Years)
Purchased technology |  | $ | 110,000 |  |  | $ | 110,000 |  |  | $ | — |  |  | 1.4 | to | 2.5
ETF issuer relationships |  | 950 |  |  | 691 |  |  | 259 |  |  |  | 9 |
ETF buyer relationships |  | 950 |  |  | 691 |  |  | 259 |  |  |  | 9 |
Technology |  | 153,000 |  |  | 36,538 |  |  | 116,462 |  |  | 1 | to | 6
Customer relationships |  | 432,000 |  |  | 10,238 |  |  | 421,762 |  |  | 10 | to | 12
Trade name |  | 3,600 |  |  | 100 |  |  | 3,500 |  |  |  | 3 |
Favorable occupancy leases |  | 5,895 |  |  | 1,428 |  |  | 4,467 |  |  | 3 | to | 15
Exchange memberships |  | 5,838 |  |  | — |  |  | 5,838 |  |  | Indefinite
|  | $ | 712,233 |  |  | $ | 159,686 |  |  | $ | 552,547 |  |  |  |  |
|  | As of December 31, 2018
(in thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Useful Lives (Years)
Purchased technology |  | $ | 110,000 |  |  | $ | 110,000 |  |  | $ | — |  |  | 1.4 | to | 2.5
ETF issuer relationships |  | 950 |  |  | 665 |  |  | 285 |  |  |  | 9 |
ETF buyer relationships |  | 950 |  |  | 665 |  |  | 285 |  |  |  | 9 |
Technology |  | 60,000 |  |  | 30,185 |  |  | 29,815 |  |  | 1 | to | 6
Customer relationships |  | 49,000 |  |  | 5,905 |  |  | 43,095 |  |  |  | 12 |
Favorable occupancy leases |  | 5,895 |  |  | 1,224 |  |  | 4,671 |  |  | 3 | to | 15
Exchange memberships |  | 5,838 |  |  | — |  |  | 5,838 |  |  | Indefinite
|  | $ | 232,633 |  |  | $ | 148,644 |  |  | $ | 83,989 |  |  |  |  |
Amortization expense relating to finite-lived intangible assets was approximately $10.9 million and $6.9 million for the three months ended March 31, 2019 and 2018, respectively. This is included in Amortization of purchased intangibles and acquired capitalized software in the accompanying condensed consolidated statements of comprehensive income.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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