XML 28 R12.htm IDEA: XBRL DOCUMENT
v3.21.2

Goodwill and Intangible Assets | 6 Months Ended
--- | ---
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | . Goodwill and Intangible Assets Goodwill The following table reflects the changes in goodwill for the periods ended December 31, 2020, December 31, 2019 and March 31, 2021:
| (in thousands)
Balance at December 31, 2018 | $ | 832,521 |
Acquisitions | 11,257 |
Foreign currency translation and other adjustments | (7,135) |
Balance at December 31, 2019 | $ | 836,643 |
Foreign currency translation | 37,440 |
Balance at December 31, 2020 | $ | 874,083 |
Foreign currency translation | (18,505) |
Balance at March 31, 2021 (unaudited) | $ | 855,578 |
The goodwill from acquisitions resulted primarily from our expectations that we will now be able to offer our customers additional software solutions in new markets. Additionally, we expect the acquisitions will attract new customers for our entire line of software solutions. Intangible Assets Intangible assets, net consisted of the following at December 31, 2020, December 31, 2019 and March 31, 2021:
| December 31, 2020 |  | December 31, 2019 |  |
| Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  |  |  |  |  |
| (in thousands) |  |
Developed product technologies | $ | 127,057 |  |  | $ | (119,392) |  |  | $ | 7,665 |  |  | $ | 124,792 |  |  | $ | (93,351) |  |  | $ | 31,441 |  |  |  |  |  |  |
Customer relationships | 131,045 |  |  | (111,336) |  |  | 19,709 |  |  | 126,788 |  |  | (83,545) |  |  | 43,243 |  |  |  |  |  |  |
Trademarks | 1,162 |  |  | (1,162) |  |  | — |  |  | 1,402 |  |  | (1,312) |  |  | 90 |  |  |  |  |  |  |
Total intangible assets, net | $ | 259,264 |  |  | $ | (231,890) |  |  | $ | 27,374 |  |  | $ | 252,982 |  |  | $ | (178,208) |  |  | $ | 74,774 |  |  |  |  |  |  |
Intangible asset amortization expense was as follows:
| Year Ended December 31, |  |
| 2020 |  | 2019 |  | 2018 |  |  |  |
| (in thousands) |  |
Intangible asset amortization expense | $ | 48,105 |  |  | $ | 47,289 |  |  | $ | 50,168 |  |  |  |  |
As of December 31, 2020, we estimate aggregate intangible asset amortization expense to be as follows:
| Estimated Amortization
| (in thousands)
2021 | $ | 19,182 |
2022 | 7,637 |
2023 | 555 |
2024 | — |
2025 | — |
The expected amortization expense is an estimate. Actual amounts of amortization expense may differ from estimated amounts due to additional intangible asset acquisitions, changes in foreign currency exchange rates, impairment of intangible assets, future changes to expected asset lives of intangible assets and other events.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration