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Intangibles Assets and Goodwill (Tables)
 9 Months Ended
Sep. 30, 2019
Intangibles Assets and Goodwill  
Schedule of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2019

 

 

Gross Carrying

 

 

 

Intangible

 

    

Amount (a)

    

Amortization

    

Asset, net

Customer relationships

 

$

507,901

 

$

(226,123)

 

$

281,778

Developed technology

 

 

89,053

 

 

(86,966)

 

 

2,087

Trade names  (b)

 

 

8,400

 

 

(3,100)

 

 

5,300

Outsource contract costs

 

 

60,514

 

 

(36,303)

 

 

24,212

Internally developed software

 

 

41,971

 

 

(9,956)

 

 

32,015

Trademarks

 

 

23,378

 

 

(23,370)

 

 

 8

Non compete agreements

 

 

1,350

 

 

(1,350)

 

 

 —

Assembled workforce

 

 

4,473

 

 

(839)

 

 

3,634

Purchased software

 

 

26,749

 

 

(1,337)

 

 

25,412

Intangibles, net

 

$

763,789

 

$

(389,344)

 

$

374,445

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

Gross Carrying

 

 

 

Intangible

 

    

Amount (a)

    

Amortization

    

Asset, net

Customer relationships

 

$

507,905

 

$

(190,666)

 

$

317,239

Developed technology

 

 

89,053

 

 

(85,967)

 

 

3,086

Trade names  (c)

 

 

9,400

 

 

(3,100)

 

 

6,300

Outsource contract costs

 

 

46,342

 

 

(27,719)

 

 

18,623

Internally developed software

 

 

36,820

 

 

(6,278)

 

 

30,542

Trademarks

 

 

23,379

 

 

(23,370)

 

 

 9

Non compete agreements

 

 

1,350

 

 

(1,350)

 

 

 —

Assembled workforce

 

 

4,473

 

 

 —

 

 

4,473

Purchased software

 

 

26,749

 

 

 —

 

 

26,749

Intangibles, net

 

$

745,471

 

$

(338,450)

 

$

407,021

(a)

Amounts include intangible assets acquired in business combinations and asset acquisitions. 

(b)

The carrying amount of trade names for September 30, 2019 is net of accumulated impairment losses of $44.1 million, of which $1.0 million was recognized in the nine months ended September 30, 2019.

(c)

The carrying amount of trade names for 2018 is net of accumulated impairment losses of $43.1 million, of which $3.7 million was recognized in 2018.
Schedule of goodwill by reporting segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Currency

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Translation

 

 

 

 

    

Goodwill

 

 

Additions

 

 

Reductions

 

 

Adjustments

 

 

Goodwill (a)

ITPS

 

$

566,215

 

$

5,580

(c)

$

 —

 

$

(220)

 

$

571,575

HS

 

 

86,786

 

 

 —

 

 

 —

 

 

 —

 

 

86,786

LLPS

 

 

94,324

 

 

 —

 

 

(44,427)

(b)

 

 —

 

 

49,897

Balance as of December 31, 2018

 

$

747,325

 

$

5,580

 

$

(44,427)

 

$

(220)

 

$

708,258

ITPS

 

 

571,575

 

 

 —

 

 

(90,361)

(d)

 

(118)

 

 

481,096

HS

 

 

86,786

 

 

 —

 

 

 —

 

 

 —

 

 

86,786

LLPS

 

 

49,897

 

 

 —

 

 

(8,321)

(e)

 

 —

 

 

41,576

Balance as of September 30, 2019

 

$

708,258

 

$

 —

 

$

(98,682)

 

$

(118)

 

$

609,458

(a)

The goodwill amount for all periods presented is net of accumulated impairment losses of $167.9 million.

(b)

The reduction in goodwill is due to $44.4 million, including taxes, for impairment recorded in the fourth quarter of 2018.

(c)

Addition to goodwill due to the acquisition of Asterion and immaterial acquisitions in the third and fourth quarters of 2018.

(d)

The reduction in goodwill is due to $90.4 million, including taxes, for impairment recorded in the third quarter of 2019.

(e)

The reduction in goodwill is due to $8.3 million, including taxes, for impairment recorded in the third quarter of 2019.