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Intangible Assets and Goodwill (Tables)
9 Months Ended
Sep. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets Subject to and Not Subject to Amortization

(In thousands)

 

Fair Value

 

 

Estimated Useful Life (in years)

 

 

 

 

 

 

 

 

 

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

Tradename - South Beach Diet

 

 

9,000

 

 

 

15

 

Customer list

 

 

110,000

 

 

 

7

 

Retail customer relationship

 

 

8,000

 

 

 

10

 

Noncompetition agreements

 

 

6,000

 

 

 

5

 

Subtotal

 

$

133,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

Tradename - Nutrisystem

 

 

800,000

 

 

n/a

 

Total intangible assets

 

$

933,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

 

457,056

 

 

n/a

 

 

Change in Carrying Amount of Goodwill

The change in the carrying amount of goodwill during the nine months ended September 30, 2019 was as follows:

 

(In thousands)

 

 

 

 

Balance, January 1, 2019

 

$

334,680

 

Acquisition of Nutrisystem

 

 

445,671

 

Measurement period adjustment (1)

 

 

11,384

 

Balance, September 30, 2019

 

$

791,735

 

 

 

 

 

 

 

(1)

See Note 2 for explanation.