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Goodwill and Intangible Assets
 9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The change in goodwill from December 31, 2019 to September 30, 2020, consists of the following (in thousands):

Carrying Value
Balance at December 31, 2019 $495,724 
Goodwill acquired— 
Derecognition of Goodwill(1)
(123)
Purchase price allocation adjustments from prior periods77 
Impact of foreign currency exchange rates(853)
Balance at September 30, 2020$494,825 
(1) Activity associated with the derecognition of goodwill from the sale and disposition of a non-core branch in Texas.


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 September 30, 2020 and December 31, 2019 (in thousands):

September 30, 2020December 31, 2019
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Tradenames$15,980 $(15,918)$62 $15,980 $(13,563)$2,417 
Customer relationships269,181 (189,142)80,039 267,781 (156,337)111,444 
$285,161 $(205,060)$80,101 $283,761 $(169,900)$113,861 
 
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 Accounting Standard Codification ("ASC") 840, Leases, the predecessor to ASU No. 2016-02, Leases (Topic 842).
The weighted average amortization period of these intangible assets in the aggregate is 3.9 years.