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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Carrying Amount of Goodwill by Reporting Unit and Impairment Recognized

 

 

 

December 31,

2016

 

 

For the year ended

December 31, 2017

 

 

For the year ended

December 31, 2017

 

 

December 31,

2017

 

 

 

 

Goodwill balance

 

 

Impairment

 

 

Currency translation adjustment

 

 

Goodwill balance

 

 

Office & Facilities

 

$

224,683

 

 

$

(224,683

)

 

$

-

 

 

$

-

 

 

Industrial

 

 

13,067

 

 

 

-

 

 

 

86

 

 

 

13,153

 

 

Automotive

 

 

45,234

 

 

 

(45,561

)

 

 

327

 

 

 

-

 

 

CPO

 

 

14,922

 

 

 

(14,922

)

 

 

-

 

 

 

-

 

 

 

 

$

297,906

 

 

$

(285,166

)

 

$

413

 

 

$

13,153

 

 

 

Summary of Intangible Assets of Company by Major Class

The following table summarizes the intangible assets of the Company by major class of intangible assets and the cost, accumulated amortization, net carrying amount, and weighted average life (in thousands):

 

 

 

December 31, 2017

 

December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

Gross

 

 

 

 

 

 

Net

 

 

Useful

 

Gross

 

 

 

 

 

 

Net

 

 

Useful

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Life

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Life

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

(years)

 

Amount

 

 

Amortization

 

 

Amount

 

 

(years)

Intangible assets subject to amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer lists and other intangibles

 

$

138,110

 

 

$

(72,192

)

 

$

65,918

 

 

16

 

$

137,452

 

 

$

(62,235

)

 

$

75,217

 

 

16

Non-compete agreements

 

 

4,659

 

 

 

(4,260

)

 

 

399

 

 

4

 

 

4,649

 

 

 

(4,260

)

 

 

389

 

 

4

Trademarks

 

 

13,766

 

 

 

(6,642

)

 

 

7,124

 

 

14

 

 

13,704

 

 

 

(5,620

)

 

 

8,084

 

 

14

Total

 

$

156,535

 

 

$

(83,094

)

 

$

73,441

 

 

 

 

$

155,805

 

 

$

(72,115

)

 

$

83,690

 

 

 

 

Summary of Amortization Expense Expected to be Incurred Over Next Five Years on Intangible Assets

The following table summarizes the amortization expense expected to be incurred over the next five years on intangible assets (in thousands):

 

Year

 

Amounts

 

2018

 

$

8,083

 

2019

 

 

6,966

 

2020

 

 

6,962

 

2021

 

 

6,962

 

2022

 

 

6,909