Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

6. Goodwill and Intangible Assets

(table only in thousands)	Three months ended March 31, 2019						Year ended December 31, 2018
Goodwill / Tradenames	Goodwill			Tradenames			Goodwill			Tradenames
Beginning balance	$	152,156		$	18,258		$	166,951		$	19,691
Transfers to finite life classification		—			(3,904	)		—			—
Divestitures		—			—			(14,317	)		(1,340	)
Foreign currency translation		(90	)		(40	)		(478	)		(93	)
	$	152,066		$	14,314		$	152,156		$	18,258

(table only in thousands)	As of March 31, 2019					As of December 31, 2018
Intangible assets – finite life	Cost			Accum. Amort.		Cost			Accum. Amort.
Technology	$	14,457		$	9,674	$	14,457		$	9,414
Customer lists		68,943			39,611		68,943			37,873
Noncompetition agreements		910			799		910			762
Tradename		5,294			712		1,390			579
Foreign currency adjustments		(1,554	)		(379)		(1,520	)		(407	)
	$	88,050		$	50,417	$	84,180		$	48,221

Activity for the three-months ended March 31, 2019 and 2018 is as follows:

(table only in thousands)	2019			2018
Intangible assets – finite life, net at beginning of period	$	35,959		$	49,956
Amortization expense		(2,160	)		(2,555	)
Divestitures		—			(2,372	)
Transfers from indefinite life classification		3,904			—
Foreign currency adjustments		(70	)		259
Intangible assets – finite life, net at end of period	$	37,633		$	45,288

Amortization expense of finite life intangible assets was $2.2 million and $2.6 million for the three-month periods ended March 31, 2019 and 2018, respectively. Amortization over the next five years for finite life intangibles is expected to be $6.3 million for the remainder of 2019, $6.8 million in 2020, $5.7 million in 2021, $4.8 million in 2022, and $4.0 million in 2023.

During the three-month period ended March 31, 2019, the Company reassessed the useful lives of certain tradenames and determined that $3.9 million of their tradenames would have useful lives of 10 years now versus indefinite. The Company did not identify any triggering events during the three-month period ended March 31, 2019 that would require an interim impairment assessment of goodwill or intangible assets.