Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.20.2
Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Changes in the carrying amount of goodwill during the six months ended June 30, 2020 were as follows, in thousands:
Balance as of January 1, 2020 $ 1,611,749   
Goodwill acquired 49,268   
Measurement period adjustments 2,622   
Balance as of June 30, 2020 $ 1,663,639   

Identified intangible assets consisted of the following at June 30, 2020 and December 31, 2019:
  June 30, 2020 December 31, 2019
  Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Accumulated
Amortization
Net
  (in thousands)
Finite-lived intangible assets:
Developed technologies $ 286,280    $ (146,135)   $ 140,145    $ 277,030    $ (125,537)   $ 151,493   
Client relationships 349,838    (160,508)   189,330    341,438    (140,044)   201,394   
Trade names 26,257    (18,070)   8,187    25,557    (16,928)   8,629   
Non-compete agreements 5,273    (2,703)   2,570    5,273    (2,186)   3,087   
Total finite-lived intangible assets 667,648    (327,416)   340,232    649,298    (284,695)   364,603   
Indefinite-lived intangible assets:
Trade names 8,388    —    8,388    8,393    —    8,393   
Total intangible assets $ 676,036    $ (327,416)   $ 348,620    $ 657,691    $ (284,695)   $ 372,996   
Amortization expense related to finite-lived intangible assets was $21.6 million and $16.5 million for the three months ended, and $42.7 million and $32.6 million for the six months ended June 30, 2020 and 2019, respectively.