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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2020
Goodwill and Other Intangible Assets |
Goodwill and Other Intangible Assets | 5. Goodwill and Other Intangible Assets The following table summarizes the changes in the carrying amount of goodwill for the year ended December 31, 2020.
Balance at January 1, 2020 |  | $ | —
Goodwill acquired during 2020 |  |  | 16,631
Translation adjustments |  |  | 185
Balance December 31, 2020 |  | $ | 16,816
Goodwill represents the premium paid over the fair value of the net tangible and intangible assets that are individually identified and separately recognized in business combinations. The change in our goodwill balance during the year ended December 31, 2020 relates to our acquisitions of Interwork and CDF, with goodwill acquired through our acquisitions of Interwork and CDF provisional for a period of up to one year from the acquisition date. Information related to the Company’s other intangibles, net is as follows:
|  | As of December 31, 2020
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer and vendor relationships |  | $ | 10,361 |  | $ | 272 |  | $ | 10,089
Trade name |  |  | 504 |  |  | 5 |  |  | 499
Non-compete |  |  | 50 |  |  | 13 |  |  | 37
Total |  | $ | 10,915 |  | $ | 290 |  | $ | 10,625
Customer relationships are amortized over thirteen years. Vendor relationships are amortized between eleven and fifteen years. Trade name is amortized over fifteen years. Non-compete is amortized over one year. Intangible assets acquired through our acquisition of CDF are provisional for a period of up to one year from the acquisition date. During the year ended December 31, 2020, the Company recognized total amortization expense for other intangibles, net of $0.3 million. There was no amortization expense for other intangibles, net during the year ended December 31, 2019. Estimated future amortization expense of the Company’s other intangibles, net as of December 31, 2020 is as follows:
2021 |  | $ | 860
2022 |  |  | 822
2023 |  |  | 822
2024 |  |  | 822
2025 |  |  | 822
Thereafter |  |  | 6,477
Total |  | $ | 10,625

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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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