GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2020

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

5. GOODWILL AND OTHER INTANGIBLE ASSETS

The following table summarizes the change in the goodwill balances for the year ended December 31, 2019 and the three months ended March 31, 2020:

	December 31,		March 31,
	2019		2020
Balance beginning of period:
Goodwill	$	883,119	$	1,112,855
Cumulative impairment losses		(22,624)		(22,624)
		860,495		1,090,231
Goodwill acquired		229,799		26,545
Other		(63)		(4,996)
		229,736		21,549
Balance end of period:
Goodwill		1,112,855		1,134,404
Cumulative impairment losses		(22,624)		(22,624)
	$	1,090,231	$	1,111,780

The following table summarizes the amortizing acquired intangible assets at December 31, 2019:

	Gross Carry		Accumulated		Net Book
	Amount		Amortization		Value
Customer relationships	$	1,362,104	$	(471,361)	$	890,743
Management contracts		150,464		(39,888)		110,576
Other acquired intangibles		5,157		(3,020)		2,137
Total	$	1,517,725	$	(514,269)	$	1,003,456

The following table summarizes the amortizing acquired intangible assets at March 31, 2020:

	Gross Carry		Accumulated		Net Book
	Amount		Amortization		Value
Customer relationships	$	1,390,984	$	(503,469)	$	887,515
Management contracts		151,010		(41,785)		109,225
Other acquired intangibles		5,351		(3,221)		2,130
Total	$	1,547,345	$	(548,475)	$	998,870