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Goodwill and Other Intangible Assets, Net (Tables)
9 Months Ended
Sep. 30, 2020
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, 2019

 

$

553,745

 

Acquisitions

 

 

3,065

 

Measurement period adjustments

 

 

(55

)

Cumulative translation adjustment

 

 

(3,067

)

Balance at September 30, 2020

 

$

553,688

 

Components of Other Intangible Assets

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

 

  

 

September 30, 2020

 

 

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Amount

 

 

Weighted-

Average

Remaining Life

(Years)

 

Definite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer-related

 

$

237,239

 

 

$

59,127

 

 

$

178,112

 

 

 

10.6

 

Technology

 

 

24,023

 

 

 

19,174

 

 

 

4,849

 

 

 

1.4

 

Noncompete agreements

 

 

30,122

 

 

 

28,956

 

 

 

1,166

 

 

 

6.2

 

Patents

 

 

12,289

 

 

 

11,995

 

 

 

294

 

 

 

 

All other

 

 

30,757

 

 

 

5,708

 

 

 

25,049

 

 

 

8.6

 

Total definite life intangible assets

 

 

334,430

 

 

 

124,960

 

 

 

209,470

 

 

 

10.1

 

Indefinite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

79,570

 

 

 

 

 

 

79,570

 

 

N/A

 

Licenses

 

 

2,299

 

 

 

 

 

 

2,299

 

 

N/A

 

Total indefinite life intangible assets

 

 

81,869

 

 

 

 

 

 

81,869

 

 

N/A

 

Total

 

$

416,299

 

 

$

124,960

 

 

$

291,339

 

 

 

10.1

 

 

 

 

December 31, 2019

 

 

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Amount

 

 

Weighted-

Average

Remaining Life

(Years)

 

Definite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer-related

 

$

250,788

 

 

$

57,332

 

 

$

193,456

 

 

 

11.2

 

Technology

 

 

24,024

 

 

 

16,608

 

 

 

7,416

 

 

 

2.2

 

Noncompete agreements

 

 

30,378

 

 

 

28,198

 

 

 

2,180

 

 

 

4.2

 

Patents

 

 

12,232

 

 

 

11,954

 

 

 

278

 

 

 

0.1

 

All other

 

 

7,552

 

 

 

3,195

 

 

 

4,357

 

 

 

9.4

 

Total definite life intangible assets

 

 

324,974

 

 

 

117,287

 

 

 

207,687

 

 

 

10.8

 

Indefinite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

93,083

 

 

 

 

 

 

93,083

 

 

N/A

 

Licenses

 

 

2,454

 

 

 

 

 

 

2,454

 

 

N/A

 

Total indefinite life intangible assets

 

 

95,537

 

 

 

 

 

 

95,537

 

 

N/A

 

Total

 

$

420,511

 

 

$

117,287

 

 

$

303,224

 

 

 

10.8

 

Estimated Future Amortization Expense of Definite Life Intangible Assets

The estimated future amortization expense of definite life intangible assets as of September 30, 2020 is as follows (in millions):

 

2020 (excluding the nine months ended September 30, 2020)

 

$

6.6

 

2021

 

 

24.5

 

2022

 

 

21.6

 

2023

 

 

21.0

 

2024

 

 

21.0

 

2025 and thereafter

 

 

114.8

 

Total

 

$

209.5