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Goodwill And Other Intangible Assets | 9 Months Ended
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Sep. 30, 2018
Goodwill And Other Intangible Assets [Abstract] |
Goodwill And Other Intangible Assets | Note 6 – Goodwill and Other Intangible Assets G oodwill allocated to the Co mpany’s reportable segments was as follows:
(in thousands) |  | Americas |  | Asia |  | Total
Goodwill as of December 31, 2017 | $ | 153,514 | $ | 38,102 | $ | 191,616
Acquisition |  | 500 |  | — |  | 500
Goodwill as of September 30, 2018 | $ | 154,014 | $ | 38,102 | $ | 192,116
During the nine months ended September 30, 2018, the Company completed a non-significant business acquisition for $2.7 million. The preliminary allocation of the net purchase price resulted in $0.5 million of goodwill. The goodwill recognized in connection with the acquisition represents the future economic benefit arising from assets acquired that could not be individually identified and separately recognized, and is attributable to the general reputation, acquisition synergies and expected futur e cash flows of the acquisition. The final allocation of the purchase price, which the Company expects to complete no later than one year from the acquisition date, may differ from the amounts included in these financial statements. Management does not exp ect additional adjustments, if any, resulting from changes to the purchase price allocation, to have a material effect on the Company’s financial position or results of operations. Other assets consist primarily of acquired identifiable intangible assets and capitalized purchased software costs. I ntangible assets as of September 30, 2018 and December 31, 2017 were as follows:
|  | As of September 30, 2018
|  | Gross |  |  |  |  |  | Net
|  | Carrying |  | Accumulated |  | Carrying
(in thousands) |  | Amount |  | Amortization |  | Amount
Customer relationships | $ | 100,162 |  | $ | (39,091) |  | $ | 61,071
Purchased software costs |  | 37,645 |  |  | (30,268) |  |  | 7,377
Technology licenses |  | 28,800 |  |  | (20,214) |  |  | 8,586
Trade names and trademarks |  | 7,800 |  |  | — |  |  | 7,800
Other |  | 868 |  |  | (279) |  |  | 589
Total | $ | 175,275 |  | $ | (89,852) |  | $ | 85,423
|  | As of December 31, 2017
|  | Gross |  |  |  |  |  | Net
|  | Carrying |  | Accumulated |  | Carrying
(in thousands) |  | Amount |  | Amortization |  | Amount
Customer relationships | $ | 100,200 |  | $ | (34,372) |  | $ | 65,828
Purchased software costs |  | 35,328 |  |  | (29,612) |  |  | 5,716
Technology licenses |  | 28,800 |  |  | (17,887) |  |  | 10,913
Trade names and trademarks |  | 7,800 |  |  | — |  |  | 7,800
Other |  | 868 |  |  | (261) |  |  | 607
Total | $ | 172,996 |  | $ | (82,132) |  | $ | 90,864
Customer relationships are being amortized on a straight-line basis over a period of 10 to 14 years. Capitalized purchased software costs are being amortized on a straight-line basis over the estimated useful life of the related software, which ranges from 2 to 10 years. Technology licenses are being amortized over their estimated useful lives in proportion to the economic benefits consumed. The Compa ny’s acquired trade names and trademarks have been determined to have an indefinite life. Amortization for the nine months ended September 30, 2018 and 2017 was as follows:
| Nine Months Ended
| September 30,
(in thousands) |  | 2018 |  |  | 2017
Amortization of intangible assets | $ | 7,101 |  | $ | 7,698
Amortization of capitalized purchased software costs |  | 836 |  |  | 798
Amortization of debt costs |  | 2,602 |  |  | 643
| $ | 10,539 |  | $ | 9,139
The estimated futu re amortization expense of acquired intangible assets for each of the next five years is as follows (in thousands):
Year ending December 31, |  | Amount
2018 (remaining three months) | $ | 2,688
2019 |  | 10,653
2020 |  | 9,912
2021 |  | 6,868
2022 |  | 6,762

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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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