v3.20.2
Goodwill and Amortizable Intangible Assets
 9 Months Ended
Sep. 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 $418,350 
Foreign currency translation adjustments— (10,490)(10,490)
Balance as of September 30, 2020$— $407,860 $407,860 
The carrying amount of goodwill in the Alternative Credential Segment included accumulated impairment charges of $70.4 million as of both September 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.
  September 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
$159,164 $(66,861)$92,303 $142,712 $(41,106)$101,606 
Capitalized content development
4-5
198,568 (78,729)119,839 167,758 (54,736)113,022 
University client relationships
9-10
106,384 (19,483)86,901 110,344 (12,419)97,925 
Trade names and domain names
5-10
25,613 (8,251)17,362 26,462 (5,940)20,522 
Total amortizable intangible assets, net
$489,729 $(173,324)$316,405 $447,276 $(114,201)$333,075 
The amounts presented in the table above include $37.3 million and $30.7 million of in-process capitalized technology and content development as of September 30, 2020 and December 31, 2019, respectively.
The Company recorded amortization expense related to amortizable intangible assets of $20.8 million and $19.2 million for the three months ended September 30, 2020 and 2019, respectively. The Company recorded amortization expense related to amortizable intangible assets of $61.8 million and $38.1 million for the nine months ended September 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 September 30, 2020.
Future Amortization Expense
(in thousands)
Remainder of 2020$20,577 
202178,471 
202262,124 
202344,691 
202427,366 
Thereafter47,351 
Total$280,580