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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Company's Purchased Intangible Assets

The following table presents the Company’s purchased intangible assets as of June 30, 2019 (in thousands):

 

 

Gross

Intangibles

 

 

Accumulated

Amortization

 

 

Net

Intangibles

 

 

Weighted

Average

Amortization

Period (years)

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

190,290

 

 

$

(114,031

)

 

$

76,259

 

 

 

10

 

Trade names and trademarks

 

19,219

 

 

 

(11,750

)

 

 

7,469

 

 

 

8

 

Non-compete agreements

 

2,742

 

 

 

(2,022

)

 

 

720

 

 

 

3

 

Content library

 

513

 

 

 

(513

)

 

 

 

 

 

2

 

Proprietary software

 

1,040

 

 

 

(795

)

 

 

245

 

 

 

4

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domain names

 

80,816

 

 

 

 

 

 

80,816

 

 

N/A

 

 

$

294,620

 

 

$

(129,111

)

 

$

165,509

 

 

 

5

 

 

The following table presents the Company’s purchased intangible assets as of December 31, 2018 (in thousands):

 

 

Gross

Intangibles

 

 

Accumulated

Amortization

 

 

Net

Intangibles

 

 

Weighted

Average

Amortization

Period (years)

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

189,697

 

 

$

(106,502

)

 

$

83,195

 

 

 

10

 

Trade names and trademarks

 

19,236

 

 

 

(10,594

)

 

 

8,642

 

 

 

8

 

Non-compete agreements

 

2,746

 

 

 

(1,724

)

 

 

1,022

 

 

 

3

 

Content library

 

517

 

 

 

(517

)

 

 

 

 

 

2

 

Proprietary software

 

1,040

 

 

 

(725

)

 

 

315

 

 

 

4

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domain names

 

80,857

 

 

 

 

 

 

80,857

 

 

N/A

 

 

$

294,093

 

 

$

(120,062

)

 

$

174,031

 

 

 

5

 

Estimated Future Amortization Expense

The Company’s estimated future amortization expense for the succeeding years relating to the purchased intangible assets resulting from acquisitions completed prior to June 30, 2019 is as follows (in thousands):

 

Years Ending December 31,

Amount

 

2019 (remainder of the year)

 

8,274

 

2020

 

14,011

 

2021

 

9,422

 

2022

 

8,121

 

2023

 

7,273

 

2024

 

7,027

 

2025 and thereafter

 

30,565

 

 

Changes in Goodwill

Changes in goodwill for the six months ended June 30, 2019 consisted of the following (in thousands):

 

 

January 1, 2019

 

 

Acquisition-

Related  (1)

 

 

Effect of

Foreign

Currency

 

 

June 30, 2019

 

Americas

$

255,436

 

 

$

1,202

 

 

$

2,554

 

 

$

259,192

 

EMEA

 

47,081

 

 

 

(124

)

 

 

(99

)

 

 

46,858

 

 

$

302,517

 

 

$

1,078

 

 

$

2,455

 

 

$

306,050

 

 

Changes in goodwill for the year ended December 31, 2018 consisted of the following (in thousands):

 

 

January 1, 2018

 

 

Acquisition-

Related  (1)

 

 

Effect of

Foreign

Currency

 

 

December 31, 2018

 

Americas

$

258,496

 

 

$

2,175

 

 

$

(5,235

)

 

$

255,436

 

EMEA

 

10,769

 

 

 

36,361

 

 

 

(49

)

 

 

47,081

 

 

$

269,265

 

 

$

38,536

 

 

$

(5,284

)

 

$

302,517

 

 

(1) See Note 1, Overview and Basis of Presentation, for further information. The year ended December 31, 2018 includes the goodwill recorded upon acquisition, while the six months ended June 30, 2019 includes the impact of adjustments to acquired goodwill upon finalization of working capital adjustments and the tax analysis of WhistleOut’s assets acquired and liabilities assumed.