Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

The following table presents goodwill by reportable segment (in thousands):



	Wealth Management		Tax Preparation			Total
Balance as of December 31, 2017	$	356,041	$	192,996		$	549,037
Foreign currency translation adjustment	—		(352		)	(352		)
Balance as of December 31, 2018	356,041		192,644			548,685
Acquired (1)	117,792		—			117,792
Disposed (1)	—		(4,102		)	(4,102		)
Balance as of December 31, 2019	$	473,833	$	188,542		$	662,375

____________________________

(1)

For the year ended December 31, 2019, goodwill acquired resulted from the 1st Global Acquisition, and goodwill disposed resulted from the disposition of SimpleTax. For additional information, see “Note 3—Acquisitions and Dispositions.”

Intangible Assets Other than Goodwill

Intangible assets other than goodwill consisted of the following (in thousands):



		December 31, 2019							December 31, 2018
	Weighted Average Amortization Period (months)	Gross carrying amount		Accumulated amortization			Net		Gross carrying amount		Accumulated amortization			Net
Definite-lived intangible assets:
Advisor relationships	193	$	318,700	$	(71,066	)	$	247,634	$	240,300	$	(50,973	)	$	189,327
Sponsor relationships	166	17,200		(3,705		)	13,495		16,500		(2,750		)	13,750
Technology	26	46,952		(41,335		)	5,617		43,847		(38,396		)	5,451
Trade names (1)	31	2,600		(396		)	2,204		—		—			—
Customer relationships	1	101,575		(100,518		)	1,057		101,686		(87,811		)	13,875
Curriculum	29	1,700		(996		)	704		800		(600		)	200
Total definite-lived intangible assets	186	488,727		(218,016		)	270,711		403,133		(180,530		)	222,603
Indefinite-lived intangible assets:
Trade names (1)		19,500		—			19,500		72,000		—			72,000
Total intangible assets		$	508,227	$	(218,016	)	$	290,211	$	475,133	$	(180,530	)	$	294,603

____________________________

(1)

At December 31, 2018, the HD Vest trade name was included in “Trade names” in indefinite-lived intangible assets. At December 31, 2019, the HD Vest trade name was included in “Trade names” in definite-lived intangible assets. For more information, see the “Intangible asset impairment” section below.

Summary of Amortization Expense

Amortization expense was as follows (in thousands):



	Years Ended December 31,
	2019		2018		2017
Statement of comprehensive income line item:
Cost of revenue	$	—	$	99	$	195
Amortization of other acquired intangible assets	37,357		33,487		33,807
Total	$	37,357	$	33,586	$	34,002

Information About Expected Amortization of Definite-Lived Intangible Assets

Expected amortization of definite-lived intangible assets held as of December 31, 2019 was as follows (in thousands):



2020	$	27,688
2021	23,992
2022	20,732
2023	19,502
2024	19,025
Thereafter	159,772
Total	$	270,711