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Goodwill and Other Intangible Assets, Net (Tables)
9 Months Ended
Sep. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill were as follows (in thousands):

 

Balance, January 1, 2018

 

$

477,532

 

Acquisitions

 

 

40,157

 

Measurement period adjustments

 

 

(2,368

)

Balance, December 31, 2018

 

 

515,321

 

Acquisitions

 

 

24,857

 

Measurement period adjustments

 

 

(375

)

Balance, September 30, 2019

 

$

539,803

 

Components of Other Intangible Assets

Other intangible assets consisted of the following (in thousands, except weighted-average life):

 

 

 

September 30, 2019

 

 

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Weighted-

Average

Remaining

Life (Years)

 

Indefinite life:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademark and trade names

 

$

11,350

 

 

$

 

 

$

11,350

 

 

N/A

 

License agreements (GSE)

 

 

5,390

 

 

 

 

 

 

5,390

 

 

N/A

 

Definite life:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademark and trade names

 

 

10,152

 

 

 

(8,923

)

 

 

1,229

 

 

 

0.5

 

Non-contractual customers

 

 

11,325

 

 

 

(5,402

)

 

 

5,923

 

 

 

1.5

 

License agreements

 

 

4,981

 

 

 

(2,958

)

 

 

2,023

 

 

 

0.3

 

Non-compete agreements

 

 

6,474

 

 

 

(2,193

)

 

 

4,281

 

 

 

1.3

 

Contractual customers

 

 

2,483

 

 

 

(1,086

)

 

 

1,397

 

 

 

0.1

 

Below market leases

 

 

941

 

 

 

(114

)

 

 

827

 

 

 

0.6

 

Total

 

$

53,096

 

 

$

(20,676

)

 

$

32,420

 

 

 

1.1

 

 

 

 

December 31, 2018

 

 

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Weighted-

Average

Remaining

Life (Years)

 

Indefinite life:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademark and trade names

 

$

11,350

 

 

$

 

 

$

11,350

 

 

N/A

 

License agreements (GSE)

 

 

5,390

 

 

 

 

 

 

5,390

 

 

N/A

 

Definite life:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademark and trade names

 

 

9,316

 

 

 

(6,706

)

 

 

2,610

 

 

 

0.5

 

Non-contractual customers

 

 

11,323

 

 

 

(3,890

)

 

 

7,433

 

 

 

1.8

 

License agreements

 

 

4,981

 

 

 

(2,292

)

 

 

2,689

 

 

 

0.4

 

Non-compete agreements

 

 

6,267

 

 

 

(1,469

)

 

 

4,798

 

 

 

1.4

 

Contractual customers

 

 

1,452

 

 

 

(849

)

 

 

603

 

 

 

0.1

 

Below market leases

 

 

941

 

 

 

(45

)

 

 

896

 

 

 

0.5

 

Total

 

$

51,020

 

 

$

(15,251

)

 

$

35,769

 

 

 

1.2

 

Estimated Future Amortization Expense of Definite Life Intangible Assets

The estimated future amortization of definite life intangible assets as of September 30, 2019 was as follows (in thousands):

 

2019

 

$

1,350

 

2020

 

 

4,949

 

2021

 

 

3,939

 

2022

 

 

1,894

 

2023

 

 

1,579

 

Thereafter

 

 

1,969

 

Total

 

$

15,680