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Note 8 - Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]
8.
Goodwill and Intangible Assets
 
The changes in the carrying amount of goodwill by reportable segment for the years ended
December 31, 2018
and
2017
are as follows:
 
   
Domestic
   
International
   
Total
 
Balance at December 31, 2016
  $
621,451
    $
83,189
    $
704,640
 
Acquisitions of businesses, net
   
-
     
5,271
     
5,271
 
Foreign currency translation
   
-
     
11,612
     
11,612
 
Balance at December 31, 2017
   
621,451
     
100,072
     
721,523
 
Acquisitions of businesses, net
   
-
     
46,788
     
46,788
 
Foreign currency translation
   
-
     
(3,656
)    
(3,656
)
Balance at December 31, 2018
  $
621,451
    $
143,204
    $
764,655
 
 
The details of the gross goodwill applicable to each reportable segment at
December 31, 2018
and
2017
are as follows:
 
   
Year Ended December 31, 2018
   
Year Ended December 31, 2017
 
   
Gross
   
Accumulated
Impairment
   
Net
   
Gross
   
Accumulated
Impairment
   
Net
 
Domestic
  $
1,124,644
    $
(503,193
)   $
621,451
    $
1,124,644
    $
(503,193
)   $
621,451
 
International
   
147,815
     
(4,611
)    
143,204
     
104,683
     
(4,611
)    
100,072
 
Total
  $
1,272,459
    $
(507,804
)   $
764,655
    $
1,229,327
    $
(507,804
)   $
721,523
 
 
Refer to Note
3,
“Acquisitions,” to the consolidated financial statements for further information regarding the Company’s acquisitions.
 
The following table summarizes intangible assets by major category as of
December 31, 2018
and
2017:
 
   
Weighted
Average
   
December 31, 2018
   
December 31, 2017
 
   
Amortization
Years
   
Gross
   
Accumulated Amortization
   
Net Book Value
   
Gross
   
Accumulated Amortization
   
Net Book Value
 
Finite-lived intangible assets:
                                                       
Tradenames
   
9
    $
56,378
    $
(32,416
)   $
23,962
    $
52,784
    $
(28,422
)   $
24,362
 
Customer lists
   
12
     
368,343
     
(307,149
)    
61,194
     
340,138
     
(299,074
)    
41,064
 
Patents
   
14
     
131,030
     
(101,060
)    
29,970
     
131,137
     
(91,520
)    
39,617
 
Unpatented technology
   
15
     
13,169
     
(12,058
)    
1,111
     
13,169
     
(11,915
)    
1,254
 
Software
   
-
     
1,046
     
(1,046
)    
-
     
1,046
     
(1,046
)    
-
 
Non-compete/other
   
7
     
3,829
     
(1,897
)    
1,932
     
2,684
     
(1,537
)    
1,147
 
Total finite-lived intangible assets    
 
    $
573,795
    $
(455,626
)   $
118,169
    $
540,958
    $
(433,514
)   $
107,444
 
Indefinite-lived tradenames
   
 
     
128,321
     
-
     
128,321
     
128,321
     
-
     
128,321
 
Total intangible assets
   
 
    $
702,116
    $
(455,626
)   $
246,490
    $
669,279
    $
(433,514
)   $
235,765
 
 
Amortization of intangible assets was
$22,112,
$28,861
and
$32,953
in
2018,
2017
and
2016,
respectively. Excluding the impact of any future acquisitions, the Company estimates amortization expense for the next
five
years will be as follows:
2019
$21,542;
2020
-
$21,451;
2021
-
$19,653;
2022
-
$12,339;
2023
-
$9,975.