GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2019

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill and Other Intangible Assets

NOTE 8—GOODWILL AND OTHER INTANGIBLE ASSETS

Activity related to goodwill for the nine months ended September 30, 2019 and 2018 follows:

	For the nine months ended
	September 30,
Roll Forward of Goodwill (in thousands)	2019		2018
Beginning balance	$	173,904	$	123,767
Additions from acquisitions		6,520		29,957
Impairment		—		—
Ending balance	$	180,424	$	153,724

The additions from acquisitions during the nine months ended September 30, 2019 shown in the table above relates to an immaterial acquisition of a technology company, which was completed in the first quarter of 2019.

As of September 30, 2019 and December 31, 2018, the balance of intangible assets acquired from acquisitions totaled $2.7 million and $3.2 million, respectively. As of September 30, 2019, the weighted-average period over which the Company expects the intangible assets to be amortized is 4.9 years.

A summary of the Company’s contingent consideration liabilities, which is included in Accounts payable and other liabilities, as of and for the nine months ended September 30, 2019 and 2018 follows:

	For the nine months ended
	September 30,
Roll Forward of Contingent Consideration Liabilities (in thousands)	2019		2018
Beginning balance	$	11,630	$	14,091
Accretion		429		695
Payments		(6,450)		(5,150)
Ending balance	$	5,609	$	9,636

The contingent consideration liabilities above relate to an acquisition completed in 2017. The last of the three earn-out periods related to these contingent consideration liabilities ends in the first quarter of 2020.