Goodwill and Intangible Assets, Net

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Goodwill and Intangible Assets, Net

Goodwill at the dates indicated was as follows: 

	At March 31,				At December 31,
(in thousands)	2020		2019		2019
North America	$	95,988	$	96,491	$	96,244
Europe	34,445		33,867		34,300
Asia/Pacific	1,166		1,354		1,335
Total	$	131,599	$	131,712	$	131,879

Intangible assets, net, at the dates indicated were as follows: 

	At March 31, 2020
	Gross					Net
	Carrying		Accumulated			Carrying
(in thousands)	Amount		Amortization			Amount
North America	$	33,755	$	(20,039	)	$	13,716
Europe	25,410		(15,672		)	9,738
Total	$	59,165	$	(35,711	)	$	23,454

	At March 31, 2019
	Gross					Net
(in thousands)	Carrying Amount		Accumulated Amortization			Carrying Amount
North America	$	30,824	$	(16,795	)	$	14,029
Europe	23,435		(13,316		)	10,119
Total	$	54,259	$	(30,111	)	$	24,148

	At December 31, 2019
	Gross					Net
(in thousands)	Carrying Amount		Accumulated Amortization			Carrying Amount
North America	$	33,756	$	(19,173	)	$	14,583
Europe	25,500		(15,012		)	10,488
Total	$	59,256	$	(34,185	)	$	25,071

Intangible assets consist of definite-lived and indefinite-lived assets. Definite-lived intangible assets include customer relationships, patents, unpatented technology, and non-compete agreements. Amortization expense of definite-lived intangible assets was $1.5 million and $1.3 million for each of the three-month periods ended March 31, 2020 and 2019, respectively. The weighted-average amortization period for all amortizable intangibles on a combined basis is 5.7 years.

The only indefinite-lived intangible asset, consisting of a trade name, totaled $0.6 million at March 31, 2020.

At March 31, 2020, the estimated future amortization of definite-lived intangible assets was as follows: 

(in thousands)
Remaining nine months of 2020	$	4,441
2021	5,370
2022	3,437
2023	2,611
2024	1,660
2025	1,315
Thereafter	4,004
	$	22,838

The changes in the carrying amount of goodwill and intangible assets for the three months ended March 31, 2020, were as follows: 

				Intangible
(in thousands)	Goodwill			Assets
Balance at December 31, 2019	$	131,879		$	25,071
Amortization	—			(1,526		)
Foreign exchange	(280		)	(91		)
Balance at March 31, 2020	$	131,599		$	23,454