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Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Goodwill and Intangible Assets

The change in goodwill from December 31, 2018 to June 30, 2019, consisted of the following (in thousands):

 
Carrying Value
Balance at December 31, 2018
$
484,941

Goodwill acquired
4,943

Purchase price allocation adjustments from prior periods
(412
)
Impact of foreign currency exchange rates
1,135

Balance at June 30, 2019
$
490,607



Identifiable intangible assets that are separable and have determinable useful lives are valued separately and amortized over their benefit period. The following is the gross carrying value and accumulated amortization of the Company’s identifiable intangible assets as of June 30, 2019 and December 31, 2018 (in thousands):
 
June 30, 2019
 
December 31, 2018
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Tradenames
$
15,980

 
$
(11,993
)
 
$
3,987

 
$
15,980


$
(10,423
)
 
$
5,557

Customer relationships
259,974

 
(134,396
)
 
125,578

 
250,498


(112,757
)
 
137,741

Other intangible assets

 

 

 
3,489


(911
)
 
2,578

 
$
275,954

 
$
(146,389
)
 
$
129,565

 
$
269,967

 
$
(124,091
)
 
$
145,876


 
On January 1, 2019, the Company reclassified certain other intangible assets related to real estate leases to right-of-use assets in accordance with the applicable transition guidance in ASC 840, the predecessor to Topic 842.

The weighted average amortization period of these intangible assets in the aggregate is 3.6 years.