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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