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Goodwill and other intangible assets (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Goodwill and other intangible assets    
Schedule of changes in carrying amount of goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

September 30, 

 

September 30, 

 

    

2020

    

2019

    

2020

    

2019

 

 

(in thousands)

Goodwill, beginning of period

 

$

539,818

 

$

529,145

 

$

539,818

 

$

501,145

Goodwill acquired

 

 

 —

 

 

10,673

 

 

 —

 

 

38,673

Goodwill, end of period

 

$

539,818

 

$

539,818

 

$

539,818

 

$

539,818

 

 

 

 

 

 

 

 

 

 

Years Ended

 

 

December 31, 

($000's)

    

2019

    

2018

 

 

 

 

 

 

 

Goodwill, beginning of period

 

$

501,145

 

$

499,892

Goodwill acquired

 

 

38,673

 

 

1,253

Goodwill, end of period

 

$

539,818

 

$

501,145

 

Schedule of gross carrying amount and accumulated amortization of intangible assets other than goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

 

 

    

 

 

    

Weighted‑ 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average 

 

 

 

 

 

 

 

Accumulated 

 

Net Carrying 

 

Remaining 

 

 

Useful Life

 

Gross Value

 

Amortization

 

Value

 

Useful Life

 

 

 

 

(in thousands)

 

 

Trademarks

 

1‑8 years

 

$

34,320

 

$

9,167

 

$

25,153

 

5.8 years

Customer relationships

 

2‑12 years

 

 

214,320

 

 

37,564

 

 

176,756

 

9.7 years

Developed technology

 

5 years

 

 

53,560

 

 

20,419

 

 

33,141

 

3.2 years

Non‑competes

 

2 years

 

 

90

 

 

41

 

 

49

 

1.1 years

Balance, December 31, 2019

 

 

 

$

302,290

 

$

67,191

 

$

235,099

 

  

Trademarks

 

8 years

 

$

34,320

 

$

12,383

 

$

21,937

 

5.1 years

Customer relationships

 

2‑12 years

 

 

214,320

 

 

51,259

 

 

163,061

 

9.0 years

Developed technology

 

5 years

 

 

53,560

 

 

28,453

 

 

25,107

 

2.4 years

Non‑competes

 

2 years

 

 

90

 

 

75

 

 

15

 

0.3 years

Balance, September 30, 2020

 

 

 

$

302,290

 

$

92,170

 

$

210,120

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

 

 

    

 

 

    

Weighted‑ 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average 

 

 

 

 

 

 

 

Accumulated 

 

Net Carrying 

 

Remaining 

($000's)

 

Useful Life

 

Gross Value

 

Amortization

 

Value

 

Useful Life

Trademarks

 

8 years

 

$

34,300

 

$

4,859

 

$

29,441

 

 

Customer relationships

 

2 - 12 years

 

 

206,420

 

 

19,497

 

 

186,923

 

 

Developed technology

 

5 years

 

 

45,960

 

 

10,153

 

 

35,807

 

 

Balance, December 31, 2018

 

 

 

$

286,680

 

$

34,509

 

$

252,171

 

  

Trademarks

 

1 - 8 years

 

 

34,320

 

 

9,167

 

 

25,153

 

5.8 Years

Customer relationships

 

2 - 12 years

 

 

214,320

 

 

37,564

 

 

176,756

 

9.7 Years

Developed technology

 

5 years

 

 

53,560

 

 

20,419

 

 

33,141

 

3.2 Years

Non‑competes

 

2 years

 

 

90

 

 

41

 

 

49

 

1.1 Years

Balance, December 31, 2019

 

 

 

$

302,290

 

$

67,191

 

$

235,099

 

  

 

Schedule of future estimated amortization expense  

 

 

 

 

($000’s)

    

    

 

Years ending December 31:

 

 

 

2020

 

$

33,290

2021

 

 

33,187

2022

 

 

32,003

2023

 

 

24,218

2024

 

 

22,921

Thereafter

 

 

89,480

 

 

$

235,099