General form of registration statement for all companies including face-amount certificate companies

Goodwill and Other Intangible Assets (Tables)

v3.21.2
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Balance
The Company’s goodwill balance consists of the following:
 
(in ‘000)
  
Amount
  
December 31, 2019
   
$
376,000
 
Integron acquisition
      6,527  
Measurement period adjustment – Aspider
      (98 ) 
Currency translation
      (182 ) 
    
 
 
  
December 31, 2019
   
$
382,247
 
Measurement period adjustment – Integron
      (366 ) 
Currency translation
      868  
    
 
 
  
December 31, 2020
   
$
382,749
 
    
 
 
  
Summary Of Other Intangible Assets
The Company’s other intangible assets consist of the following:
 
(in ‘000)
   
Gross
Carrying
Amount
     
Accumulated
Amortization
     
Net
Carrying
Value
  
Customer relationships
    $ 307,355      $ (143,230 )     $ 164,125  
Technology
      46,229        (33,394 )       12,835  
Carrier contracts
      65,700        (33,918 )       31,782  
Trademarks
      15,828        (7,608 )       8,220  
Internally developed and acquired computer software
      45,148        (21,908 )       23,240  
    
 
 
     
 
 
     
 
 
  
Total as of December 31, 2020
   
$
480,260
 
   
$
(240,058
) 
   
$
240,203
 
    
 
 
     
 
 
     
 
 
  
 
(in ‘000)
   
Gross
Carrying
Amount
     
Accumulated
Amortization
     
Net
Carrying
Value
  
Customer relationships
    $ 306,656      $ (116,655 )     $ 190,001  
Technology
      45,953        (26,927 )       19,026  
Carrier contracts
      65,700        (27,348 )       38,352  
Trademarks
      15,721        (5,955 )       9,766  
Internally developed and acquired computer software
      34,176        (14,419 )       19,757  
    
 
 
     
 
 
     
 
 
  
Total as of December 31, 2019
   
$
468,206
 
   
$
(191,304
) 
   
$
276,902
 
    
 
 
     
 
 
     
 
 
  
Summary Of Weighted Average Remaining Useful Lives Per Intangible Asset Category
 
    
Years
  
Customer relationships
      6.7  
Technology
      4.1  
Carrier contracts
      4.9  
Trademarks
      5.1  
Internally developed and acquired computer software
      5.2  
Summary Of The Estimated Amortization Expense
The following table shows the estimated amortization expense for the next five years and thereafter as of December 31, 2020.
 
(in ‘000)
  
Amount
  
2021
    $ 46,304  
2022
      44,615  
2023
      41,735  
2024
      37,020  
2025
      34,482  
Thereafter
      36,047  
    
 
 
  
Total
    $ 240,203