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Intangible Assets, Net (Tables) | 9 Months Ended
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Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Intangible Assets, Net | Below is a summary of intangible assets, net:
(in thousands) | September 30, 2020 |  | December 31, 2019
Definite-lived intangible assets: |  |  |
Investment contracts and other | $ | 489,570 |  |  | $ | 489,570 |
Accumulated amortization | (245,293) |  |  | (222,695) |
Definite-lived intangible assets, net | 244,277 |  |  | 266,875 |
Indefinite-lived intangible assets | 43,516 |  |  | 43,516 |
Total intangible assets, net | $ | 287,793 |  |  | $ | 310,391 |
Schedule of Activity in Intangible Assets, Net | Activity in intangible assets, net was as follows:
| Nine Months Ended September 30,
(in thousands) | 2020 |  | 2019
Intangible assets, net |  |  |
Balance, beginning of period | $ | 310,391 |  |  | $ | 338,812 |
Additions | — |  |  | 1,823 |
Amortization | (22,598) |  |  | (22,711) |
Balance, end of period | $ | 287,793 |  |  | $ | 317,924 |
Schedule of Estimated Amortization Expense of Intangible Assets Succeeding Years | Definite-lived intangible asset amortization for the remainder of fiscal year 2020 and succeeding fiscal years is estimated as follows:
Fiscal Year |  | Amount (in thousands)
Remainder of 2020 |  | 7,529 |
2021 |  | 30,116 |
2022 |  | 29,992 |
2023 |  | 29,330 |
2024 |  | 23,689 |
2025 and thereafter |  | 123,621 |
|  | $ | 244,277 |

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