Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.20.1
Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Changes in the carrying amount of goodwill during the three months ended March 31, 2020 were as follows, in thousands:
Balance as of January 1, 2020
$
1,611,749

Goodwill acquired
49,268

Measurement period adjustments
2,125

Balance as of March 31, 2020
$
1,663,142


Identified intangible assets consisted of the following at March 31, 2020 and December 31, 2019:
 
 
March 31, 2020
 
December 31, 2019
 
 
Carrying
Amount
 
Accumulated
Amortization
 
Net
 
Carrying
Amount
 
Accumulated
Amortization
 
Net
 
 
(in thousands)
Finite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
Developed technologies
 
$
286,003

 
$
(135,513
)
 
$
150,490

 
$
277,030

 
$
(125,537
)
 
$
151,493

Client relationships
 
349,838

 
(150,311
)
 
199,527

 
341,438

 
(140,044
)
 
201,394

Trade names
 
26,257

 
(17,539
)
 
8,718

 
25,557

 
(16,928
)
 
8,629

Non-compete agreements
 
5,273

 
(2,450
)
 
2,823

 
5,273

 
(2,186
)
 
3,087

Total finite-lived intangible assets
 
667,371

 
(305,813
)
 
361,558

 
649,298

 
(284,695
)
 
364,603

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
Trade names
 
8,384

 

 
8,384

 
8,393

 

 
8,393

Total intangible assets
 
$
675,755

 
$
(305,813
)
 
$
369,942

 
$
657,691

 
$
(284,695
)
 
$
372,996


Amortization expense related to finite-lived intangible assets was $21.1 million and $16.1 million for the three months ended March 31, 2020 and 2019, respectively.