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Goodwill and Other Intangible Assets | 6 Months Ended
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Jun. 30, 2020
Goodwill and Other Intangible Assets |
Goodwill and Other Intangible Assets | 7. Goodwill and Other Intangible Assets The Company reports all of its goodwill in its Debit and Credit segment at June 30, 2020 and December 31, 2019. Goodwill is tested for impairment at least annually on October 1 or more frequently when an event occurs or circumstances change that indicates the carrying value may not be recoverable. The Company did not identify a triggering event requiring a quantitative test for impairment as of June 30, 2020. The potential negative implications of COVID-19, and a related potential decline in the Company’s total fair value of invested capital and financial performance for reporting units with goodwill, could require the Company to perform a quantitative test for goodwill impairment in future quarters. Intangible assets consist of customer relationships, technology and software, trademarks and non-compete agreements. Intangible amortization expense was $1,149 and $1,164 for the three months ended June 30, 2020 and 2019, respectively, and $2,298 and $2,328 for the six months ended June 30, 2020 and 2019. At June 30, 2020 and December 31, 2019, intangible assets, excluding goodwill, were comprised of the following:
|  |  | June 30, 2020 |  | December 31, 2019
| Weighted Average |  | Gross Book |  | Accumulated |  | Net Book |  | Gross Book |  | Accumulated |  | Net Book
| Life (Years) |  | Value |  | Amortization |  | Value |  | Value |  | Amortization |  | Value
Customer relationships | 17.2 |  | $ | 55,454 |  | $ | (30,504) |  | $ | 24,950 |  | $ | 55,454 |  |  | (28,865) |  | $ | 26,589
Technology and software | 8 |  |  | 7,101 |  |  | (5,416) |  |  | 1,685 |  |  | 7,101 |  |  | (4,952) |  |  | 2,149
Trademarks | 8.7 |  |  | 3,330 |  |  | (1,461) |  |  | 1,869 |  |  | 3,330 |  |  | (1,266) |  |  | 2,064
Non-compete agreements | 5 |  |  | 491 |  |  | (491) |  |  | — |  |  | 491 |  |  | (491) |  |  | —
Intangible assets subject to amortization |  |  | $ | 66,376 |  | $ | (37,872) |  | $ | 28,504 |  | $ | 66,376 |  | $ | (35,574) |  | $ | 30,802
The estimated future aggregate amortization expense for the identified amortizable intangibles noted above as of June 30, 2020 was as follows:
2020 (excluding the six months ended June 30, 2020) |  | $ | 2,297
2021 |  |  | 4,352
2022 |  |  | 3,867
2023 |  |  | 3,867
2024 |  |  | 3,530
Thereafter |  |  | 10,591
|  | $ | 28,504

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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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