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Other Intangible Assets, Net
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets, Net Other Intangible Assets, Net
The carrying amount of other intangible assets consisted of the following:
Useful life in yearsDecember 31, 2022
(In thousands)Gross
amount		Accumulated
amortization		Net carrying
amount
Customer relationships
8 - 15
$392,737 $(303,733)$89,004 
Trademark
1 - 15
43,195 (37,998)5,197 
Software packages
3 - 10
349,474 (243,355)106,119 
Other intangible assets, net$785,406 $(585,086)$200,320 
Useful life in yearsDecember 31, 2021
(In thousands)Gross
amount		Accumulated
amortization		Net carrying
amount
Customer relationships
8 - 15
$357,991 $(272,732)$85,259 
Trademark
1 - 15
41,901 (36,684)5,217 
Software packages
3 - 10
326,320 (217,643)108,677 
Non-compete agreement1556,539 (42,404)14,135 
Other intangible assets, net$782,751 $(569,463)$213,288 

In the second quarter of 2022, the Company acquired a customer relationship in Puerto Rico for $10.6 million that is being amortized over five years. Revenues and expenses in connection with this customer relationship are included as part of the Payment Services - Puerto Rico & Caribbean segment. As part of the BBR acquisition, the Company added a customer relationship amounting to $22.5 million, a trademark of $1.3 million, and software of $1.1 million. On July 1, 2022, in connection with the closing of the Popular Transaction, the remaining balance of the Non-compete agreement of $12.3 million was written off against the transaction gain. The Company no longer has non-compete intangibles on its Balance Sheets. Refer to Note 3- Business Acquisitions and Dispositions for further details.
Amortization expense related to intangibles, including software packages, was $59.9 million, $57.6 million, and $54.1 million for the years ended December 31, 2022, 2021 and 2020, respectively. Amortization expense related to software packages was $25.7 million, $26.0 million, and $21.7 million for the years ended December 31, 2022, 2021 and 2020, respectively. During the year ended December 31, 2022 the Company recorded an impairment loss through cost of revenues of $4.1 million for a multi-year software development for which a reduction in future cash flows was projected. During the year ended December 31, 2021, the Company recorded an impairment charge through cost of revenues amounting to $0.6 million for a software solution that will no longer be used. Both impairment charges affected the Company’s Payment Services – Puerto Rico & Caribbean segment.
The estimated amortization expense of balances outstanding at December 31, 2022 for the next five years are as follows:
(In thousands) 
2023$56,971 
202444,499 
202518,780 
202612,536 
20278,888