XML 61 R32.htm IDEA: XBRL DOCUMENT v3.20.1
Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Company's Purchased Intangible Assets

The following table presents the Company’s purchased intangible assets as of March 31, 2020 (in thousands):

 

 

Gross

Intangibles

 

 

Accumulated

Amortization

 

 

Net

Intangibles

 

 

Weighted

Average

Amortization

Period (years)

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

188,083

 

 

$

(122,624

)

 

$

65,459

 

 

 

10

 

Trade names and trademarks

 

19,133

 

 

 

(13,467

)

 

 

5,666

 

 

 

8

 

Non-compete agreements

 

902

 

 

 

(427

)

 

 

475

 

 

 

3

 

Content library

 

497

 

 

 

(497

)

 

 

 

 

 

2

 

Proprietary software

 

870

 

 

 

(730

)

 

 

140

 

 

 

5

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domain names

 

79,797

 

 

 

 

 

 

79,797

 

 

N/A

 

 

$

289,282

 

 

$

(137,745

)

 

$

151,537

 

 

 

5

 

 

The following table presents the Company’s purchased intangible assets as of December 31, 2019 (in thousands):

 

 

Gross

Intangibles

 

 

Accumulated

Amortization

 

 

Net

Intangibles

 

 

Weighted

Average

Amortization

Period (years)

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

191,171

 

 

$

(121,074

)

 

$

70,097

 

 

 

10

 

Trade names and trademarks

 

19,380

 

 

 

(12,929

)

 

 

6,451

 

 

 

8

 

Non-compete agreements

 

2,769

 

 

 

(2,181

)

 

 

588

 

 

 

3

 

Content library

 

506

 

 

 

(506

)

 

 

 

 

 

2

 

Proprietary software

 

870

 

 

 

(695

)

 

 

175

 

 

 

5

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domain names

 

81,109

 

 

 

 

 

 

81,109

 

 

N/A

 

 

$

295,805

 

 

$

(137,385

)

 

$

158,420

 

 

 

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 March 31, 2020 is as follows (in thousands):

 

 

Amount

 

2020 (remainder of the year)

$

9,771

 

2021

 

9,325

 

2022

 

8,049

 

2023

 

7,222

 

2024

 

6,979

 

2025

 

6,858

 

2026 and thereafter

 

23,536

 

 

Changes in Goodwill

Changes in goodwill for the three months ended March 31, 2020 consisted of the following (in thousands):

 

 

January 1, 2020

 

 

Acquisition-

Related

 

 

Effect of

Foreign

Currency

 

 

March 31, 2020

 

Americas

$

259,953

 

 

$

 

 

$

(3,954

)

 

$

255,999

 

EMEA

 

51,294

 

 

 

 

 

 

(2,602

)

 

 

48,692

 

 

$

311,247

 

 

$

 

 

$

(6,556

)

 

$

304,691

 

 

Changes in goodwill for the year ended December 31, 2019 consisted of the following (in thousands):

 

 

January 1, 2019

 

 

Acquisition-

Related  (1)

 

 

Effect of

Foreign

Currency

 

 

December 31, 2019

 

Americas

$

255,436

 

 

$

1,202

 

 

$

3,315

 

 

$

259,953

 

EMEA

 

47,081

 

 

 

2,421

 

 

 

1,792

 

 

 

51,294

 

 

$

302,517

 

 

$

3,623

 

 

$

5,107

 

 

$

311,247

 

 

(1) The year ended December 31, 2019 includes the impact of adjustments to acquired goodwill upon finalization of working capital adjustments and the tax analysis of WhistleOut’s and Symphony’s assets acquired and liabilities assumed.