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Other Intangible Assets, Net | 6 Months Ended
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Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract] |
Other Intangible Assets, Net |
7. | Other Intangible Assets, Net
Other intangible assets, net consisted of the following:
|  | Weighted Average |  | June 30, 2020 |
|  | Amortization Period (in years) |  | Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Merchant relationships |  | 8 |  | $ | 176.8 |  |  | $ | 93.7 |  |  | $ | 83.1 |
Acquired technology |  | 10 |  |  | 105.2 |  |  |  | 37.5 |  |  |  | 67.7 |
Trademarks and trade names |  | 9 |  |  | 55.5 |  |  |  | 34.6 |  |  |  | 20.9 |
Noncompete agreements |  | 2 |  |  | 3.9 |  |  |  | 3.8 |  |  |  | 0.1 |
Capitalized software development costs |  | 3 |  |  | 19.5 |  |  |  | 3.8 |  |  |  | 15.7 |
Leasehold interest |  | 2 |  |  | 0.1 |  |  |  | 0.1 |  |  |  | — |
Residual commission buyouts (a) |  | 3 |  |  | 16.2 |  |  |  | 11.5 |  |  |  | 4.7 |
Total intangible assets |  |  |  | $ | 377.2 |  |  | $ | 185.0 |  |  | $ | 192.2 |
|  | Weighted Average |  | December 31, 2019 |
|  | Amortization Period (in years) |  | Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Merchant relationships |  | 8 |  | $ | 176.8 |  |  | $ | 81.1 |  |  | $ | 95.7 |
Acquired technology |  | 10 |  |  | 105.2 |  |  |  | 32.2 |  |  |  | 73.0 |
Trademarks and trade names |  | 9 |  |  | 55.5 |  |  |  | 30.1 |  |  |  | 25.4 |
Noncompete agreements |  | 2 |  |  | 3.9 |  |  |  | 3.6 |  |  |  | 0.3 |
Capitalized software development costs |  | 3 |  |  | 14.9 |  |  |  | 2.0 |  |  |  | 12.9 |
Leasehold interest |  | 2 |  |  | 0.1 |  |  |  | 0.1 |  |  |  | — |
Residual commission buyouts (a) |  | 3 |  |  | 15.7 |  |  |  | 9.8 |  |  |  | 5.9 |
Total intangible assets |  |  |  | $ | 372.1 |  |  | $ | 158.9 |  |  | $ | 213.2 |
| (a) | Residual commission buyouts include contingent payments of $2.8 million and $2.7 million as of June 30, 2020 and December 31, 2019, respectively.
As of June 30, 2020, the estimated amortization expense for intangible assets for each of the five succeeding years and thereafter is as follows:
2020 (remaining six months) |  | $ | 26.0 |
2021 |  |  | 47.3 |
2022 |  |  | 30.3 |
2023 |  |  | 19.5 |
2024 |  |  | 18.4 |
Thereafter |  |  | 50.7 |
Total |  | $ | 192.2 |
Amounts charged to expense in the unaudited Condensed Consolidated Statements of Operations for amortization of intangible assets were as follows:
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Depreciation and amortization expense |  | $ | 9.4 |  |  | $ | 9.4 |  |  | $ | 18.9 |  |  | $ | 18.7 |
Cost of sales |  |  | 3.7 |  |  |  | 2.7 |  |  |  | 7.2 |  |  |  | 5.5 |
Total |  | $ | 13.1 |  |  | $ | 12.1 |  |  | $ | 26.1 |  |  | $ | 24.2 |

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- Definition The entire disclosure for all or part of the information related to 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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