Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

There was no change in the carrying amount of goodwill for the three and six months ended June 30, 2019.

Intangible Assets

Acquired intangible assets at June 30, 2019 and December 31, 2018 were comprised of the following (in thousands):



	June 30, 2019							December 31, 2018
	Gross carrying amount		Accumulated amortization			Net		Gross carrying amount		Accumulated amortization			Net
Amortizable intangible assets:
Client/broker contracts and relationships	$	237,490	$	(120,983	)	$	116,507	$	237,430	$	(108,834	)	$	128,596
Trade names	3,880		(3,635		)	245		3,880		(3,587		)	293
Technology	14,646		(14,490		)	156		14,646		(14,009		)	637
Noncompete agreements	2,232		(2,120		)	112		2,232		(2,084		)	148
Favorable lease agreements	1,134		(763		)	371		1,134		(713		)	421
Total	$	259,382	$	(141,991	)	$	117,391	$	259,322	$	(129,227	)	$	130,095

Amortization of intangible assets for the three months ended June 30, 2019 and 2018 was $6.4 million and $6.3 million, respectively. For the six months ended June 30, 2019 and 2018, amortization of intangible assets was $12.8 million and $12.7 million, respectively.

The estimated amortization expense in future periods at June 30, 2019 is as follows (in thousands):

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	As of June 30, 2019
Remainder of 2019	$	12,181
2020	22,758
2021	19,953
2022	17,518
2023	14,728
Thereafter	30,253
Total	$	117,391

WAGEWORKS, INC. 10-Q