Table of Contents WEWORK COMPANIES INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2019 (UNAUDITED) Note 9. Goodwill Goodwill includes the following activity during the year ended December 31, 2018 and the six months ended June 30, 2019: Year Ended Six Months Ended (Amounts in thousands) December 31, 2018 June 30, 2019 Balance at beginning of period $ 156,117 $ 681,017 Goodwill acquired 553,458 183,357 Other measurement period adjustments (1,471) (3,093) Effect of foreign currency exchange rate changes (27,087) 1,667 Balance at end of period $ 681,017 $ 862,948 Note 10. Intangible Assets, Net Intangible assets, net consist of the following: December 31, 2018 Weighted- Average Remaining Net Useful Lives Gross Carrying Accumulated Carrying (Amounts in thousands) (in years) Amount Amortization Amount Capitalized software 2.2 $ 56,986 $ (24,522) $ 32,464 Other finite-lived intangible assets - customer relationships and other 8.5 131,945 (12,521) 119,424 Indefinite-lived intangible assets - trademarks 7,255 — 7,255 Total intangible assets, net $ 196,186 $ (37,043) $159,143 June 30, 2019 Weighted- Average Remaining Net Useful Lives Gross Carrying Accumulated Carrying (Amounts in thousands) (in years) Amount Amortization Amount Capitalized software 2.4 $ 98,903 $ (34,746) $ 64,157 Other finite-lived intangible assets—customer relationships and other 8.1 134,783 (22,667) 112,116 Indefinite-lived intangible assets—trademarks 7,255 — 7,255 Total intangible assets, net $ 240,941 $ (57,413) $183,528 Amortization expense of intangible assets was $11.0 million and $20.3 million for the six months ended June 30, 2018 and 2019, respectively. F-101