Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

A summary of the activity in goodwill is presented below (in thousands):


Balance at December 31, 2018	$	32,942




Effect of change in foreign currency exchange rates	717
Balance at December 31, 2019	33,659


Effect of change in foreign currency exchange rates	(1,148)
Balance at December 31, 2020	$	32,511

The Company’s intangible assets are comprised of the following (in thousands):


	December 31, 2020
	Weighted-Average Life (in years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Finite-lived intangible assets:
Developed technologies	6.0	$	12,692	$	(10,878)	$	1,814
Trademarks and trade names	10.0	17,823		(9,597)		8,226
Customer relationships	8.5	12,306		(8,703)		3,603
Capitalized software development costs	3.3	47,818		(31,051)		16,767
Other	2.5	3,389		(2,791)		598
Total finite-lived intangible assets		$	94,028	$	(63,020)	31,008
Indefinite-lived intangible assets:
In-process capitalized software development costs						20,479
Total intangible assets						$	51,487


	December 31, 2019
	Weighted-Average Life (in years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Finite-lived intangible assets:
Developed technologies	6.0	$	13,076	$	(9,198)	$	3,878
Trademarks and trade names	10.0	18,352		(8,040)		10,312
Customer relationships	8.4	12,460		(7,413)		5,047
Capitalized software development costs	3.6	19,375		(6,570)		12,805
Other	2.4	2,986		(1,790)		1,196
Total finite-lived intangible assets		$	66,249	$	(33,011)	33,238
Indefinite-lived intangible assets:
In-process capitalized software development costs						11,154
Total intangible assets						$	44,392

Amortization expense for the years ended December 31, 2020 and 2019 was approximately $18.0 million and $9.7 million, respectively, including approximately $12.9 million and $4.1 million related to capitalized software development costs for the years ended December 31, 2020 and 2019, respectively.

The Company recorded a $1.4 million impairment loss on intangible assets during the years ended December 31, 2020 and no impairment loss during the year ended December 31, 2019.

The following table represents details of the amortization of finite-lived intangible assets that is estimated to be expensed in the future (in thousands):


2021	13,026
2022	7,390
2023	4,383
2024	3,937
2025	2,272

Total	$	31,008