Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.20.2
Intangible Assets
9 Months Ended
Sep. 30, 2020
Intangible Assets  
Intangible Assets

(6) Intangible Assets

Intangible Assets Not Subject to Amortization

The sale of Evite, as discussed in note 1 of the accompanying condensed consolidated financial statements, resulted in a reduction to Goodwill of $25.6 million and a reduction in Other intangible assets not subject to amortization related to tradenames of $4.0 million.

Intangible Assets Subject to Amortization

    

September 30, 2020

    

December 31, 2019

Gross

Net

Gross

Net

carrying

Accumulated

carrying

carrying

Accumulated

carrying

    

amount

    

amortization

    

amount

    

amount

    

amortization

    

amount

amounts in thousands

Customer relationships

$

385,000

 

(97,438)

 

287,562

408,267

 

(95,167)

 

313,100

Other amortizable intangibles

 

119,707

 

(50,942)

 

68,765

 

139,721

 

(60,842)

 

78,879

Total

$

504,707

 

(148,380)

 

356,327

547,988

 

(156,009)

 

391,979

Amortization expense for intangible assets with finite useful lives was $13.9 million and $15.2 million for the three months ended September 30, 2020 and 2019, respectively. Amortization expense for intangible assets with finite useful lives was $41.9 million and $46.5 million for the nine months ended September 30, 2020 and 2019, respectively. Amortization expense for amortizable intangible assets for each of the five succeeding fiscal years is estimated to be (amounts in thousands):

Remainder of 2020

$

12,155

2021

$

45,714

2022

$

40,508

2023

$

36,079

2024

$

31,691

(3)