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Goodwill and Other Intangible Assets, Net (Tables)
6 Months Ended
Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill

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

 

Components of Other Intangible Assets

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

 

Estimated Future Amortization Expense of Definite Life Intangible Assets

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