Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

NOTE 5—GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

The changes in the carrying amount of goodwill for the fiscal years ended December 31 were as follows:

	2017		2016
Balance as of January 1	$	683,683	$	687,404
Goodwill resulting from the Trade NTE business combination		—		191
Goodwill resulting from the Mostra business combination		—		654
Goodwill resulting from the Olson business combination		—		267
Effect of foreign currency translation		2,425		(4,833	)
Total goodwill	$	686,108	$	683,683

Other Intangible Assets

Intangible assets with definite lives are primarily amortized over periods ranging from approximately 4 to 10 years. The weighted-average period of amortization for all intangible assets as of December 31, 2017 is 9.1 years. The customer-related intangible assets, which consist of customer contracts, backlog, and non-contractual customer relationships, are being amortized based on estimated cash flows and respective estimated economic benefit of the assets. The weighted-average period of amortization of the customer-related intangibles is 9.1 years. Intangible assets related to developed technology are being amortized on an accelerated basis over a weighted-average period of 5.5 years. Intangible assets with an indefinite life consist of a domain name.

Other intangibles consisted of the following at December 31:

	2017
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Customer-related	$	84,878	$	(49,782	)	$	35,096
Developed technology		1,463		(1,350	)		113
Total amortizable intangible assets		86,341		(51,132	)		35,209
Intangible with indefinite life		95		—			95
Total other intangible assets	$	86,436	$	(51,132	)	$	35,304

	2016
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Customer-related	$	115,806	$	(70,090	)	$	45,716
Developed technology		1,463		(1,145	)		318
Total amortizable intangible assets		117,269		(71,235	)		46,034
Intangible with indefinite life		95		—			95
Total other intangible assets	$	117,364	$	(71,235	)	$	46,129

Aggregate amortization expense for the years ended December 31, 2017, 2016, and 2015, was approximately $10.9 million, $12.5 million, and $17.2 million, respectively. The estimated future amortization expense relating to intangible assets is as follows:


Year ending December 31,
2018	$	8,441
2019		6,132
2020		4,532
2021		4,082
2022		4,125
Thereafter		7,897
Total	$	35,209

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details