GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 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 six months ended June 30, 2020:

	December 31,		June 30,
	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		32,121
Other		(63)		(1,199)
		229,736		30,922
Balance end of period:
Goodwill		1,112,855		1,143,777
Cumulative impairment losses		(22,624)		(22,624)
	$	1,090,231	$	1,121,153

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 June 30, 2020:

	Gross Carry		Accumulated		Net Book
	Amount		Amortization		Value
Customer relationships	$	1,400,661		(537,861)	$	862,800
Management contracts		151,493		(43,769)		107,724
Other acquired intangibles		5,413		(3,431)		1,982
Total	$	1,557,567	$	(585,061)	$	972,506