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Goodwill and Other Intangible Assets, Net | 6 Months Ended
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Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets, Net |
(1 6) | Goodwill and Other Intangible Assets, Net
The changes in the carrying amount of goodwill for the six months ended June 30, 2019 and the year ended December 31, 2018 were as follows (in thousands):
Balance at January 1, 2018 |  | $ | 477,532 |
Acquisitions |  |  | 40,157 |
Measurement period adjustments |  |  | (2,368 | )
Balance at December 31, 2018 |  |  | 515,321 |
Acquisitions |  |  | 27,984 |
Measurement period adjustments |  |  | (180 | )
Balance at June 30, 2019 |  | $ | 543,125 |
During the six months ended June 30, 2019, Newmark recognized measurement period adjustments of approximately $0.2 million. Newmark had additions to goodwill in the amount of $28.0 million as a result of acquisitions for the six months ended June 30, 2019. During the year ended December 31, 2018, Newmark recognized additional goodwill and measurement period adjustments of approximately $40.2 million and $(2.4) million, respectively (See Note 4 — Acquisitions for more information). Goodwill is not amortized and is reviewed annually for impairment or more frequently if impairment indicators arise, in accordance with U.S. GAAP guidance on Goodwill and Other Intangible Assets. Newmark completed its annual goodwill impairment testing during the fourth quarter of 2018, which did not result in any goodwill impairment. Other intangible assets consisted of the following at June 30, 2019 and December 31, 2018 (in thousands, except weighted average life):
|  | June 30, 2019 |
|  | Gross Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Weighted- Average Remaining Life (Years) |
Indefinite life: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademark and trade names |  | $ | 11,350 |  |  | $ | — |  |  | $ | 11,350 |  |  | N/A |
License agreements (GSE) |  |  | 5,390 |  |  |  | — |  |  |  | 5,390 |  |  | N/A |
Definite life: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademark and trade names |  |  | 10,153 |  |  |  | (7,141 | ) |  |  | 3,012 |  |  |  | 0.5 |
Non-contractual customers |  |  | 11,532 |  |  |  | (4,898 | ) |  |  | 6,634 |  |  |  | 1.4 |
License agreements |  |  | 4,981 |  |  |  | (2,792 | ) |  |  | 2,189 |  |  |  | 0.2 |
Non-compete agreements |  |  | 6,267 |  |  |  | (1,949 | ) |  |  | 4,318 |  |  |  | 1.2 |
Contractual customers |  |  | 2,483 |  |  |  | (973 | ) |  |  | 1,510 |  |  |  | 0.1 |
Below market leases |  |  | 941 |  |  |  | (96 | ) |  |  | 845 |  |  |  | 0.5 |
|  | $ | 53,097 |  |  | $ | (17,849 | ) |  | $ | 35,248 |  |  |  | 0.9 |
|  | December 31, 2018 |
|  | Gross Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Weighted- Average Remaining Life (Years) |
Indefinite life: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademark and trade names |  | $ | 11,350 |  |  | $ | — |  |  | $ | 11,350 |  |  | N/A |
License agreements (GSE) |  |  | 5,390 |  |  |  | — |  |  |  | 5,390 |  |  | N/A |
Definite life: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademark and trade names |  |  | 9,316 |  |  |  | (6,706 | ) |  |  | 2,610 |  |  |  | 0.5 |
Non-contractual customers |  |  | 11,323 |  |  |  | (3,890 | ) |  |  | 7,433 |  |  |  | 1.8 |
License agreements |  |  | 4,981 |  |  |  | (2,292 | ) |  |  | 2,689 |  |  |  | 0.4 |
Non-compete agreements |  |  | 6,267 |  |  |  | (1,469 | ) |  |  | 4,798 |  |  |  | 1.4 |
Contractual customers |  |  | 1,452 |  |  |  | (849 | ) |  |  | 603 |  |  |  | 0.1 |
Below market leases |  |  | 941 |  |  |  | (45 | ) |  |  | 896 |  |  |  | 0.5 |
|  | $ | 51,020 |  |  | $ | (15,251 | ) |  | $ | 35,769 |  |  |  | 1.2 |
Intangible amortization expense for the three months ended June 30, 2019 and 2018 was $1.3 million, and $2.6 million and $2.8 million for the six months ended June 30, 2019 and 2018, respectively. Intangible amortization is included as a part of “Depreciation and amortization” in Newmark’s unaudited condensed consolidated statements of operations. The estimated future amortization of definite life intangible assetsas of June 30, 2019 was as follows (in thousands):
2019 |  | $ | 2,751 |
2020 |  |  | 5,338 |
2021 |  |  | 4,328 |
2022 |  |  | 2,283 |
2023 |  |  | 1,838 |
Thereafter |  |  | 1,970 |
Total |  | $ | 18,508 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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