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Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

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:

 

 

 

2018

 

 

2017

 

Balance as of January 1

 

$

686,108

 

 

$

683,683

 

Goodwill resulting from The Future Customer business combination

 

 

7,597

 

 

 

 

Goodwill resulting from DMS Disaster Consultants business combination

 

 

10,121

 

 

 

 

Goodwill resulting from We Are Vista business combination

 

 

14,392

 

 

 

 

Effect of foreign currency translation

 

 

(2,574

)

 

 

2,425

 

Total goodwill

 

$

715,644

 

 

$

686,108

 

Other Intangible Assets

Intangible assets with definite lives are primarily amortized over periods ranging from approximately 1 to 10 years. The weighted-average period of amortization for all intangible assets as of December 31, 2018 is 8.4 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 8.4 years. Intangible assets related to developed technology are being amortized on an accelerated basis over a weighted-average period of 4.8 years. Intangible assets with an indefinite life consist of a domain name.

Other intangibles consisted of the following at December 31:    

 

 

 

2018

 

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

 

Net Carrying

Value

 

Customer-related

 

$

94,500

 

 

$

(59,289

)

 

$

35,211

 

Developed technology

 

 

733

 

 

 

(545

)

 

 

188

 

Total amortizable intangible assets

 

 

95,233

 

 

 

(59,834

)

 

 

35,399

 

Intangible with indefinite life

 

 

95

 

 

 

 

 

 

95

 

Total other intangible assets

 

$

95,328

 

 

$

(59,834

)

 

$

35,494

 

 

 

 

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

 

 

Aggregate amortization expense for the years ended December 31, 2018, 2017, and 2016, was approximately $10.0 million, $10.9 million, and $12.5 million, respectively. The estimated future amortization expense relating to intangible assets is as follows: 

 

Year ending December 31,

 

 

 

 

2019

 

$

8,345

 

2020

 

 

6,653

 

2021

 

 

5,574

 

2022

 

 

5,193

 

2023

 

 

4,768

 

Thereafter

 

 

4,866

 

Total

 

$

35,399