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Long-Lived Assets | 6 Months Ended
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Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract] |
Long-Lived Assets | 3. LONG-LIVED ASSETS Goodwill. The changes in the carrying amount of goodwill for the six months ended June 30, 2020 were as follows (in thousands):
January 1, 2020 balance |  | $ | 259,164 |
Tekzenit, Inc. acquisition |  |  | 9,154 |
Adjustments related to prior acquisitions |  |  | (30 | )
Effects of changes in foreign currency exchange rates |  |  | (5,514 | )
June 30, 2020 balance |  | $ | 262,774 |
See Note 5 for discussion regarding the Tekzenit, Inc. acquisition. Other Intangible Assets. Our other intangible assets subject to ongoing amortization consist primarily of acquired client contracts and software. As of June 30, 2020 and December 31, 2019, the carrying values of these assets were as follows (in thousands):
|  | June 30, 2020 |  |  | December 31, 2019 |
|  | Gross |  |  |  |  |  |  |  |  |  |  | Gross |  |  |  |  |  |  |  |  |
|  | Carrying |  |  | Accumulated |  |  | Net |  |  | Carrying |  |  | Accumulated |  |  | Net |
|  | Amount |  |  | Amortization |  |  | Amount |  |  | Amount |  |  | Amortization |  |  | Amount |
Acquired client contracts |  | $ | 149,267 |  |  | $ | (96,491 | ) |  | $ | 52,776 |  |  | $ | 148,872 |  |  | $ | (93,767 | ) |  | $ | 55,105 |
Software |  |  | 160,976 |  |  |  | (131,835 | ) |  |  | 29,141 |  |  |  | 157,963 |  |  |  | (125,437 | ) |  |  | 32,526 |
Total intangible assets |  | $ | 310,243 |  |  | $ | (228,326 | ) |  | $ | 81,917 |  |  | $ | 306,835 |  |  | $ | (219,204 | ) |  | $ | 87,631 |
The total amortization expense related to other intangible assets for the second quarters of 2020 and 2019 were $6.3 million and $5.8 million, respectively, and for the six months ended June 30, 2020 and 2019 were $12.6 million and $11.4 million, respectively. Based on the June 30, 2020 net carrying value of our other intangible assets, the estimated total amortization expense for each of the five succeeding fiscal years ending December 31 are: 2020 – $24.5 million; 2021 – $16.9 million; 2022 – $13.1 million; 2023 – $9.6 million; and 2024 – $6.7 million. Client Contract Costs. As of June 30, 2020 and December 31, 2019, the carrying values of our client contract cost assets, related to those contracts with a contractual term greater than one year, were as follows (in thousands):
|  | June 30, 2020 |  |  | December 31, 2019 |
|  | Gross |  |  |  |  |  |  |  |  |  |  | Gross |  |  |  |  |  |  |  |  |
|  | Carrying |  |  | Accumulated |  |  | Net |  |  | Carrying |  |  | Accumulated |  |  | Net |
|  | Amount |  |  | Amortization |  |  | Amount |  |  | Amount |  |  | Amortization |  |  | Amount |
Client contract costs |  | $ | 79,388 |  |  | $ | (37,827 | ) |  | $ | 41,561 |  |  | $ | 82,272 |  |  | $ | (31,526 | ) |  | $ | 50,746 |
During the second quarter of 2020, we recorded an impairment charge of $10.3 million for the write-off of capitalized client contract costs related to a discontinued project implementation. This non-cash impairment charge is included primarily in cost of revenue in our Condensed Consolidated Statements of Income (“Income Statement”). The total amortization expense related to client contract costs for the second quarters of 2020 and 2019 were $4.6 million and $6.4 million, respectively, and for the six months ended June 30, 2020 and 2019 were $8.6 million and $12.4 million, respectively.

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- Definition The entire disclosure for intangible assets and long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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