v3.20.2
Goodwill and Amortizable Intangible Assets
 6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Amortizable Intangible Assets Goodwill and Amortizable Intangible Assets
        The following table presents the changes in the carrying amount of goodwill by reportable segment on the Company’s condensed consolidated balance sheets for the periods indicated.
Graduate
Program Segment		Alternative
Credential Segment		Total
 (in thousands)
Balance as of December 31, 2019$—  $418,350  $418,350  
Foreign currency translation adjustments—  (12,010) (12,010) 
Balance as of June 30, 2020$—  $406,340  $406,340  
        The carrying amount of goodwill in the Alternative Credential Segment included accumulated impairment charges of $70.4 million as of both June 30, 2020 and December 31, 2019.
        The following table presents the components of amortizable intangible assets, net on the Company’s condensed consolidated balance sheets as of each of the dates indicated.
  June 30, 2020December 31, 2019
 Estimated
Average Useful
Life (in years)		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
 (in thousands)
Capitalized technology
3-5
$153,588  $(57,710) $95,878  $142,712  $(41,106) $101,606  
Capitalized content development
4-5
187,936  (70,492) 117,444  167,758  (54,736) 113,022  
University client relationships
9-10
105,810  (16,570) 89,240  110,344  (12,419) 97,925  
Trade names and domain names
5-10
25,315  (7,318) 17,997  26,462  (5,940) 20,522  
Total amortizable intangible assets, net
$472,649  $(152,090) $320,559  $447,276  $(114,201) $333,075  
        The amounts presented in the table above include $29.5 million and $30.7 million of in process capitalized technology and content development as of June 30, 2020 and December 31, 2019, respectively.
        The Company recorded amortization expense related to amortizable intangible assets of $20.8 million and $11.9 million for the three months ended June 30, 2020 and 2019, respectively. The Company recorded amortization expense related to amortizable intangible assets of $41.0 million and $18.9 million for the six months ended June 30, 2020 and 2019, respectively.
        The following table presents the estimated future amortization expense of the Company’s amortizable intangible assets placed in service as of June 30, 2020.
Future Amortization Expense
(in thousands)
Remainder of 2020$40,377  
202176,013  
202260,367  
202342,876  
202425,533  
Thereafter45,933  
Total$291,099