Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill were as follows (in thousands):


	Full service center-based child care		Back-up care		Educational advisory and other services		Total
Balance at January 1, 2019	$	1,155,705	$	168,105	$	23,801	$	1,347,611
Additions from acquisitions	15,228		25,350		14,000		54,578
Adjustments to prior year acquisitions	(83)		—		—		(83)
Effect of foreign currency translation	10,380		387		—		10,767
Balance at December 31, 2019	1,181,230		193,842		37,801		1,412,873
Additions from acquisitions	2,117		—		2,074		4,191
Adjustments to prior year acquisitions	(383)		—		(125)		(508)
Effect of foreign currency translation	(6,742)		(774)		—		(7,516)
Balance at September 30, 2020	$	1,176,222	$	193,068	$	39,750	$	1,409,040

Schedule of Finite-Lived Intangible Assets

The Company also has intangible assets, which consisted of the following at September 30, 2020 and December 31, 2019 (in thousands):


September 30, 2020	Weighted average amortization period	Cost		Accumulated amortization		Net carrying amount
Definite-lived intangible assets:
Customer relationships	14 years	$	404,132	$	(305,757)	$	98,375
Trade names	6 years	11,133		(9,163)		1,970
		415,265		(314,920)		100,345
Indefinite-lived intangible assets:
Trade names	N/A	180,881		—		180,881
		$	596,146	$	(314,920)	$	281,226


December 31, 2019	Weighted average amortization period	Cost		Accumulated amortization		Net carrying amount
Definite-lived intangible assets:
Customer relationships	14 years	$	404,667	$	(283,597)	$	121,070
Trade names	6 years	10,656		(8,144)		2,512
		415,323		(291,741)		123,582
Indefinite-lived intangible assets:
Trade names	N/A	181,091		—		181,091
		$	596,414	$	(291,741)	$	304,673

Estimated Amortization Expense Related to Intangible Assets

The Company estimates that it will record amortization expense related to intangible assets existing as of September 30, 2020 as follows (in thousands):


	Estimated amortization expense
Remainder of 2020	$	7,778
2021	$	28,416
2022	$	26,045
2023	$	25,144
2024	$	11,206