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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Components of Goodwill

Goodwill consisted of the following:

 

 

 

Amount

 

Balance at January 1, 2017

 

$

114,033

 

Additions through acquisitions

 

 

23,364

 

Balance at June 30, 2017

 

$

137,397

 

 

Components of Intangible Assets

The Company’s intangible assets consisted of the following:

 

 

 

 

 

June 30, 2017

 

 

December 31, 2016

 

 

 

Useful life

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

(years)

 

Cost

 

 

amortization

 

 

Net

 

 

Cost

 

 

amortization

 

 

Net

 

Customer lists

 

5-20

 

$

110,257

 

 

$

(24,403

)

 

$

85,854

 

 

$

91,757

 

 

$

(20,026

)

 

$

71,731

 

Patents and

   technology

 

5-10

 

 

22,781

 

 

 

(6,875

)

 

 

15,906

 

 

 

16,556

 

 

 

(5,990

)

 

 

10,566

 

Trade names and

   trademarks

 

1-2

 

 

2,884

 

 

 

(2,756

)

 

 

128

 

 

 

2,885

 

 

 

(2,637

)

 

 

248

 

 

 

 

 

$

135,922

 

 

$

(34,034

)

 

$

101,888

 

 

$

111,198

 

 

$

(28,653

)

 

$

82,545

 

 

Estimated Annual Amortization Expense for Intangible Assets

Estimated annual amortization expense for intangible assets subsequent to June 30, 2017 is as follows:

 

 

 

Amount

 

2017 (remaining)

 

$

6,133

 

2018

 

 

12,013

 

2019

 

 

11,977

 

2020

 

 

11,694

 

2021

 

 

11,232

 

2022

 

 

10,777

 

Thereafter

 

 

38,062

 

 

 

$

101,888