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Goodwill and Other Intangible Assets, Net (Tables)
6 Months Ended
Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill were as follows (in thousands):

 

 

 

Goodwill

 

Balance at December 31, 2018

 

$

504,646

 

Acquisitions

 

 

55,872

 

Measurement period adjustments

 

 

(535

)

Cumulative translation adjustment

 

 

301

 

Balance at June 30, 2019

 

$

560,284

 

Components of Other Intangible Assets

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

 

 

 

June 30, 2019

 

 

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Amount

 

 

Weighted-

Average

Remaining Life

(Years)

 

Definite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer-related

 

$

243,047

 

 

$

48,073

 

 

$

194,974

 

 

 

11.7

 

Technology

 

 

24,023

 

 

 

14,895

 

 

 

9,128

 

 

 

2.7

 

Noncompete agreements

 

 

29,937

 

 

 

24,813

 

 

 

5,124

 

 

 

2.5

 

Patents

 

 

9,303

 

 

 

9,025

 

 

 

278

 

 

 

2.5

 

All other

 

 

11,614

 

 

 

6,020

 

 

 

5,594

 

 

 

7.6

 

Total definite life intangible assets

 

 

317,924

 

 

 

102,826

 

 

 

215,098

 

 

 

11.0

 

Indefinite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

87,724

 

 

 

 

 

 

87,724

 

 

N/A

 

Licenses

 

 

7,929

 

 

 

 

 

 

7,929

 

 

N/A

 

Total indefinite life intangible assets

 

 

95,653

 

 

 

 

 

 

95,653

 

 

N/A

 

Total

 

$

413,577

 

 

$

102,826

 

 

$

310,751

 

 

 

11.0

 

 

 

 

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 June 30, 2019 is as follows (in millions):

 

2019

 

$

14.7

 

2020

 

 

23.5

 

2021

 

 

22.3

 

2022

 

 

19.3

 

2023

 

 

18.7

 

2024 and thereafter

 

 

116.6

 

Total

 

$

215.1