Goodwill And Other Intangible Assets

12 Months Ended

Dec. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Note 5—Goodwill and Other Intangible Assets

The changes each year in goodwill allocated to the Company’s reportable segments were 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 December 31, 2018	$	154,014	$	38,102	$	192,116
Goodwill as of December 31, 2019	$	154,014	$	38,102	$	192,116
Goodwill as of December 31, 2020	$	154,014	$	38,102	$	192,116

During 2018, the Company completed an individually immaterial business acquisition for $2.7 million. See Note 2.

Other assets, net consist primarily of acquired identifiable intangible assets and capitalized purchased software costs. Acquired identifiable intangible assets and purchased software as of December 31, 2020 and 2019 were as follows:

(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	100,228	$	(53,429	)	$	46,799
Purchased software costs		46,183		(33,307	)		12,876
Technology licenses		28,800		(26,833	)		1,967
Trade names and trademarks		7,800		—			7,800
Other		868		(333	)		535
Intangible assets, December 31, 2020	$	183,879	$	(113,902	)	$	69,977

(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	100,123	$	(46,981	)	$	53,142
Purchased software costs		41,604		(32,012	)		9,592
Technology licenses		28,800		(24,100	)		4,700
Trade names and trademarks		7,800		—			7,800
Other		868		(309	)		559
Intangible assets, December 31, 2019	$	179,195	$	(103,402	)	$	75,793

Customer relationships are being amortized on a straight-line basis over a period of 10 to 14 years. Capitalized purchased software costs are amortized straight-line over the estimated useful life of the related software, which ranges from 2 to 14 years. Technology licenses are being amortized over their estimated useful lives in proportion to the economic benefits consumed. During 2020, 2019 and 2018, $4.9 million, $2.5 million and $3.9 million, respectively, of purchased software costs were capitalized. Amortization on the statements of cash flow for 2020, 2019 and 2018 was as follows:

	Year Ended December 31,
(in thousands)	2020		2019		2018
Amortization of intangible assets	$	9,099	$	9,461	$	9,485
Amortization of capitalized purchased software costs		1,493		1,393		1,198
Amortization of debt costs		461		461		2,717
	$	11,053	$	11,315	$	13,400

The estimated future amortization expense of acquired intangible assets for each of the next five years is as follows (in thousands):

Year ending December 31,	Amount
2021	$	6,647
2022		6,766
2023		6,408
2024		5,277
2025		5,215