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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | NOTE 6 - GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill The changes in the carrying amount of goodwill for the fiscal years ended December 31 were as follows:
|  | 2020 |  |  | 2019 |
Balance as of January 1 |  | $ | 719,934 |  |  | $ | 715,644 |
Goodwill resulting from business combination - ITG |  |  | 188,253 |  |  |  | — |
Goodwill resulting from business combination - DMS Disaster Consultants |  |  | — |  |  |  | (50 | )
Goodwill resulting from business combination - We Are Vista |  |  | — |  |  |  | (370 | )
Goodwill resulting from business combination - Olson (1) |  |  | — |  |  |  | 3,047 |
Effect of foreign currency translation |  |  | 1,726 |  |  |  | 1,663 |
Balance as of December 31 |  | $ | 909,913 |  |  | $ | 719,934 |
1) | In 2019, the Company recorded changes to goodwill representing an immaterial correction of an error for income tax balances related to acquired assets and liabilities from the business combination that occurred in 2014. These balances were not significant to our previously reported financial position.
Other Intangible Assets Intangible assets with definite lives are primarily amortized over periods ranging from approximately 1 to 10 years. The weighted-average period of amortization for all intangible assets, calculated as of December 31, 2020, is 8.5 years. The customer-related intangible assets, which consist of customer contracts, backlog, and non-contractual customer relationships, are being amortized based on estimated cash flows and respective estimated economic benefit of the assets. The weighted-average period of amortization of the customer-related intangibles calculated as of December 31, 2020 is 8.5 years. Intangible assets related to developed technology are being amortized on an accelerated basis over a weighted-average period, calculated as of December 31, 2020, of 4.8 years. Intangible assets with an indefinite life consist of a domain name. Other intangibles consisted of the following at December 31:
|  | 2020 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Customer-related |  | $ | 142,849 |  |  | $ | (83,137 | ) |  | $ | 59,712 |
Developed technology |  |  | 733 |  |  |  | (653 | ) |  |  | 80 |
Total amortizable intangible assets |  |  | 143,582 |  |  |  | (83,790 | ) |  |  | 59,792 |
Intangible with indefinite life |  |  | 95 |  |  |  | — |  |  |  | 95 |
Total other intangible assets |  | $ | 143,677 |  |  | $ | (83,790 | ) |  | $ | 59,887 |
|  | 2019 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Customer-related |  | $ | 95,038 |  |  | $ | (69,425 | ) |  | $ | 25,613 |
Developed technology |  |  | 733 |  |  |  | (612 | ) |  |  | 121 |
Total amortizable intangible assets |  |  | 95,771 |  |  |  | (70,037 | ) |  |  | 25,734 |
Intangible with indefinite life |  |  | 95 |  |  |  | — |  |  |  | 95 |
Total other intangible assets |  | $ | 95,866 |  |  | $ | (70,037 | ) |  | $ | 25,829 |
Aggregate amortization expense for the years ended December 31, 2020, 2019, and 2018, was approximately $13.3 million, $8.1 million, and $10.0 million, respectively. The Company recognized impairment expense, included in indirect and selling expense, of $1.7 million in the second quarter of 2019 related to the intangible asset associated with a historical business acquisition. The estimated future amortization expense relating to intangible assets is as follows:
Year ending December 31, |  |  |  |
2021 |  | $ | 12,049 |
2022 |  |  | 11,727 |
2023 |  |  | 11,339 |
2024 |  |  | 10,856 |
2025 |  |  | 6,904 |
Thereafter |  |  | 6,917 |
Total |  | $ | 59,792 |

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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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