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Goodwill and Intangibles (Tables)
3 Months Ended
Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Activity and Balances Relating to Goodwill

The following table shows the activity and balances related to goodwill from January 1, 2020 to March 31, 2020 (in thousands): 

 

Balance at January 1, 2020

 

$

713,404

 

Acquisition

 

 

570

 

Foreign currency

 

 

(3,921

)

Balance at March 31, 2020

 

$

710,053

 

Balances Related to Intangible Assets

The following table reflects balances related to intangible assets for the periods presented:

 

 

 

 

 

March 31, 2020

 

 

December 31, 2019

 

 

 

Estimated

Useful Life

in Years

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

 

 

 

(In thousands)

 

Customer relationships

 

15 - 20

 

$

95,287

 

 

$

(45,833

)

 

$

49,454

 

 

$

94,808

 

 

$

(44,846

)

 

$

49,962

 

Trade names/trademarks

 

5 - 7

 

 

5,200

 

 

 

(4,246

)

 

 

954

 

 

 

5,200

 

 

 

(4,164

)

 

 

1,036

 

Non-compete agreements

 

5

 

 

300

 

 

 

(103

)

 

 

197

 

 

 

1,810

 

 

 

(1,648

)

 

 

162

 

Other

 

20

 

 

59

 

 

 

(35

)

 

 

24

 

 

 

60

 

 

 

(35

)

 

 

25

 

Total

 

 

 

$

100,846

 

 

$

(50,217

)

 

$

50,629

 

 

$

101,878

 

 

$

(50,693

)

 

$

51,185

 

Schedule of Expected Future Amortization of Intangible Assets Based on the carrying value at March 31, 2020, future amortization of intangible assets is expected to be as follows for the years ended December 31 (in thousands): 

 

2020 (remaining)

 

$

4,660

 

2021

 

 

5,626

 

2022

 

 

5,163

 

2023

 

 

4,491

 

2024

 

 

4,105

 

Thereafter

 

 

26,584

 

Total

 

$

50,629