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Goodwill and Other Intangible Assets, Net (Tables)
3 Months Ended
Mar. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the three months ended March 31, 2019 were as follows (in thousands):

 

 

 

Goodwill

 

Balance at December 31, 2018

 

$

504,646

 

Acquisitions

 

 

55,872

 

Measurement period adjustments

 

 

(1,084

)

Cumulative translation adjustment

 

 

747

 

Balance at March 31, 2019

 

$

560,181

 

Components of Other Intangible Assets

Other intangible assets consisted of the following (in thousands, except weighted-average remaining life):

 

 

 

March 31, 2019

 

 

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Amount

 

 

Weighted-

Average

Remaining Life

(Years)

 

Definite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer-related

 

$

244,157

 

 

$

42,437

 

 

$

201,720

 

 

 

12.0

 

Technology

 

 

24,023

 

 

 

14,040

 

 

 

9,983

 

 

 

2.9

 

Noncompete agreements

 

 

30,178

 

 

 

23,462

 

 

 

6,716

 

 

 

2.4

 

Patents

 

 

9,303

 

 

 

8,961

 

 

 

342

 

 

 

2.5

 

All other

 

 

11,679

 

 

 

6,972

 

 

 

4,707

 

 

 

10.0

 

Total definite life intangible assets

 

 

319,340

 

 

 

95,872

 

 

 

223,468

 

 

 

11.2

 

Indefinite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

87,704

 

 

 

 

 

 

87,704

 

 

N/A

 

Licenses

 

 

7,929

 

 

 

 

 

 

7,929

 

 

N/A

 

Total indefinite life intangible assets

 

 

95,633

 

 

 

 

 

 

95,633

 

 

N/A

 

Total

 

$

414,973

 

 

$

95,872

 

 

$

319,101

 

 

 

11.2

 

 

 

 

December 31, 2018

 

 

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Amount

 

 

Weighted-

Average

Remaining Life

(Years)

 

Definite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer-related

 

$

225,094

 

 

$

40,088

 

 

$

185,006

 

 

 

11.9

 

Technology

 

 

24,023

 

 

 

13,754

 

 

 

10,269

 

 

 

3.0

 

Noncompete agreements

 

 

30,131

 

 

 

22,131

 

 

 

8,000

 

 

 

2.4

 

Patents

 

 

9,635

 

 

 

9,222

 

 

 

413

 

 

 

2.5

 

All other

 

 

9,330

 

 

 

3,172

 

 

 

6,158

 

 

 

7.9

 

Total definite life intangible assets

 

 

298,213

 

 

 

88,367

 

 

 

209,846

 

 

 

11.0

 

Indefinite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

81,004

 

 

 

 

 

 

81,004

 

 

N/A

 

Licenses

 

 

7,929

 

 

 

 

 

 

7,929

 

 

N/A

 

Total indefinite life intangible assets

 

 

88,933

 

 

 

 

 

 

88,933

 

 

N/A

 

Total

 

$

387,146

 

 

$

88,367

 

 

$

298,779

 

 

 

11.0

 

Estimated Future Amortization Expense of Definite Life Intangible Assets

The estimated future amortization expense of definite life intangible assets as of March 31, 2019 is as follows (in millions):

 

2019

 

$

22.2

 

2020

 

 

23.6

 

2021

 

 

22.4

 

2022

 

 

19.4

 

2023

 

 

18.8

 

2024 and thereafter

 

 

117.1

 

Total

 

$

223.5