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Goodwill and Other Intangible Assets, Net (Tables)
9 Months Ended
Sep. 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

 

 

(6,707

)

Cumulative translation adjustment

 

 

(1,384

)

Balance at September 30, 2019

 

$

552,427

 

Components of Other Intangible Assets

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

 

 

 

September 30, 2019

 

 

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Amount

 

 

Weighted-

Average

Remaining Life

(Years)

 

Definite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer-related

 

$

241,509

 

 

$

52,379

 

 

$

189,130

 

 

 

11.5

 

Technology

 

 

24,022

 

 

 

15,750

 

 

 

8,272

 

 

 

2.4

 

Noncompete agreements

 

 

29,616

 

 

 

26,055

 

 

 

3,561

 

 

 

3.0

 

Patents

 

 

9,303

 

 

 

9,088

 

 

 

215

 

 

 

2.7

 

All other

 

 

16,942

 

 

 

5,206

 

 

 

11,736

 

 

 

8.4

 

Total definite life intangible assets

 

 

321,392

 

 

 

108,478

 

 

 

212,914

 

 

 

10.8

 

Indefinite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

87,657

 

 

 

 

 

 

87,657

 

 

N/A

 

Licenses

 

 

7,929

 

 

 

 

 

 

7,929

 

 

N/A

 

Total indefinite life intangible assets

 

 

95,586

 

 

 

 

 

 

95,586

 

 

N/A

 

Total

 

$

416,978

 

 

$

108,478

 

 

$

308,500

 

 

 

10.8

 

 

 

 

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

 

2019

 

$

7.6

 

2020

 

 

24.0

 

2021

 

 

22.8

 

2022

 

 

19.9

 

2023

 

 

19.3

 

2024 and thereafter

 

 

119.3

 

Total

 

$

212.9