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Goodwill and Other Intangible Assets
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS

NOTE 8 — GOODWILL AND OTHER INTANGIBLE ASSETS

 

Goodwill was $223,697 and $223,368 at December 31, 2019 and December 31, 2018, respectively.

 

The changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 were as follows:

 

               Principal     
               Investments-     
   Capital   Auction and   Valuation and   United Online     
   Markets   Liquidation   Appraisal   and magicJack     
   Segment   Segment   Segment   Segment   Total 
Balance as of December 31, 2017  $77,356   $1,975   $3,713   $15,727   $98,771 
Goodwill acquired during the year:                         
Wunderlich purchase price adjustment   1,847     —      —      —     1,847 
GlassRatner on August 1, 2018   16,617     —      —      —     16,617 
magicJack on November 14, 2018    —      —      —     106,133     106,133  
Balance as of December 31, 2018   95,820    1,975    3,713    121,860    223,368 
Goodwill acquired during the year:                         
magicJack purchase price adjustment    —      —      —     3,542    3,542 
magicJack allocation to the sale of a division    —      —      —     (3,213)   (3,213)
Balance as of December 31, 2019  $95,820   $1,975   $3,713   $122,189   $223,697 

 

Intangible assets consisted of the following:

 

        As of December 31, 2019     As of December 31, 2018  
        Gross                 Gross              
        Carrying     Accumulated     Intangibles     Carrying     Accumulated     Intangibles  
    Useful Life   Value     Amortization     Net     Value     Amortization     Net  
Amortizable assets:                                        
Customer relationships    2 to 16 Years   $ 99,008     $ 27,269     $ 71,739     $ 92,330     $ 16,608     $ 75,722  
Domain names   7 Years     233       117       116       237       85       152  
Advertising relationships    8 Years     100       44       56       100       31       69  
Internally developed software and other intangibles   0.5 to 5 Years     11,765       4,843       6,922       11,773       2,436       9,337  
Trademarks    7 to 10 Years     4,600       1,324       3,276       4,600       762       3,838  
Total         115,706       33,597       82,109       109,040       19,922       89,118  
                                                     
Non-amortizable assets:                                                    
Tradenames         138,416       —       138,416       2,240       —       2,240  
Total intangible assets       $ 254,122     $ 33,597     $ 220,525     $ 111,280     $ 19,922     $ 91,358  

 

Amortization expense was $13,846, $9,135 and $7,422 for the years ended December 31, 2019, 2018 and 2017, respectively. At December 31, 2019, estimated future amortization expense is $15,714, $15,218, $14,564, $12,573 and $8,486 for the years ended December 31, 2020, 2021, 2022, 2023 and 2024, respectively. The estimated future amortization expense after December 31, 2024 is $15,554.