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Other Intangible Assets | 9 Months Ended
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Sep. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract] |
Other Intangible Assets | NOTE 7 – Other Intangible Assets Other intangible assets, net consist of the following components:
|  | As of |
|  | September 30, 2020 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Amount |
Customer lists/relationships |  | $ | 92,194 |  |  | $ | (42,753 | ) |  | $ | 49,441 |
Technology and other intangibles |  |  | 47,925 |  |  |  | (21,240 | ) |  |  | 26,685 |
In process research and development |  |  | 2,200 |  |  |  | (2,200 | ) |  |  | — |
Other intangible assets, net |  | $ | 142,319 |  |  | $ | (66,193 | ) |  | $ | 76,126 |
Amortization expense for the three months ended September 30, 2020 |  |  |  |  |  | $ | 2,253 |  |  |  |  |
Amortization expense for the nine months ended September 30, 2020 |  |  |  |  |  | $ | 6,816 |  |  |  |  |
In the third quarter of 2020, due to the restructuring actions further outlined in Note 8, we performed an interim impairment assessment. This resulted in the recognition of $2,200 of impairment charges related to in process research and development, and a revaluation of associated contingent liabilities totaling $1,900. The net impact of $300 was recorded as restructuring expense in the Condensed Consolidated Statements of Earnings.
|  | As of |
|  | December 31, 2019 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Amount |
Customer lists/relationships |  | $ | 92,194 |  |  | $ | (38,682 | ) |  | $ | 53,512 |
Technology and other intangibles |  |  | 47,925 |  |  |  | (18,422 | ) |  |  | 29,503 |
In process research and development |  |  | 2,200 |  |  |  | — |  |  |  | 2,200 |
Other intangible assets, net |  | $ | 142,319 |  |  | $ | (57,104 | ) |  | $ | 85,215 |
Amortization expense for the three months ended September 30, 2019 |  |  |  |  |  | $ | 1,999 |  |  |  |  |
Amortization expense for the nine months ended September 30, 2019 |  |  |  |  |  | $ | 5,381 |  |  |  |  |
Remaining amortization expense for other intangible assets as of September 30, 2020 is as follows:
|  | Amortization expense |
2020 |  | $ | 2,243 |
2021 |  |  | 8,893 |
2022 |  |  | 8,657 |
2023 |  |  | 6,651 |
2024 |  |  | 6,489 |
Thereafter |  |  | 43,193 |
Total amortization expense |  | $ | 76,126 |

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- Definition The entire disclosure for all or part of the information related to 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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