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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 | 7. Goodwill and Other Intangible Assets All of the Company’s $47,150 of goodwill is included in the Debit and Credit segment at December 31, 2020 and 2019. The Company completed its goodwill impairment testing as of October 1, 2020 and the Company determined it is not more likely than not that the fair value of each reporting unit is less than its carrying amount. CPI’s amortizable intangible assets consist of customer relationships, technology and software, and trademarks. Total intangible assets are being amortized over a weighted-average useful life of 15.7 years. Intangible amortization expense totaled $4,595 and $4,635 for the years ended December 31, 2020 and 2019, respectively. During the years ended December 31, 2020 and 2019, there were no impairments of the Company’s amortizable intangible assets. Intangible assets consist of the following:
|  |  |  | December 31, 2020 |  | December 31, 2019 |
|  | Weighted Average |  |  |  | Accumulated |  | Net Book |  |  |  | Accumulated |  | Net Book |
|  | Life (Years) |  | Cost |  | Amortization |  | Value |  | Cost |  | Amortization |  | Value |
Customer relationships |  | 17.2 |  | $ | 55,454 |  |  | (32,141) |  | $ | 23,313 |  | $ | 55,454 |  | $ | (28,865) |  | $ | 26,589 |
Technology and software |  | 8 |  |  | 7,101 |  |  | (5,881) |  |  | 1,220 |  |  | 7,101 |  |  | (4,952) |  |  | 2,149 |
Trademarks |  | 8.7 |  |  | 3,330 |  |  | (1,656) |  |  | 1,674 |  |  | 3,330 |  |  | (1,266) |  |  | 2,064 |
Intangible assets subject to amortization |  |  |  | $ | 65,885 |  | $ | (39,678) |  | $ | 26,207 |  | $ | 65,885 |  | $ | (35,083) |  | $ | 30,802 |
The estimated future aggregate amortization expense for the identified amortizable intangibles noted above as of December 31, 2020 is as follows:
2021 |  | $ | 4,352
2022 |  |  | 3,867
2023 |  |  | 3,867
2024 |  |  | 3,630
2025 |  |  | 3,440
Thereafter |  |  | 7,051
|  | $ | 26,207

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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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