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Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets [Abstract]

Summary of Preliminary Purchase Price Allocation for Acquisition


		Machinalis S.R.L. In thousands of U.S. dollars
Cash and cash equivalents		$	285
Other net tangible liabilities			(47)
Total net tangible assets acquired			238
Customer lists			100
Trademark			299
Non-solicitation and Non-compete agreements			239
Goodwill			4,979
Purchase Price		$	5,855




Composition of Goodwill and Intangible Assets


		September 30,		December 31,
		2018		2017
		(In thousands)
Goodwill		$                         88,650		$                         92,279
Intangible assets with indefinite lives
- Trademarks		9,439		11,587
Amortizable intangible assets
- Licenses and others		5,692		6,175
- Non-compete agreement		2,338		2,689
- Customer list		14,851		16,584
- Trademarks		3,570		1,772
Total intangible assets		$                         35,890		$                         38,807
Accumulated amortization		(17,171)		(15,633)
Total intangible assets, net		$                         18,719		$                         23,174



Changes in Carrying Amount of Goodwill






		Period ended September 30, 2018
		Brazil		Argentina		Mexico		Chile			Colombia		Other Countries		Total
		(In thousands)
Balance, beginning of the period		$                    32,492		$                   5,761		$             30,396		$                          18,805			$               3,632		$                   1,193		$           92,279
- Business acquisitions		3,110		1,132		543		61			80		53		4,979
- Effect of exchange rates changes		(6,360)		(1,990)		1,895		(2,027)			(73)		(53)		(8,608)
Balance, end of the period		$                    29,242		$                   4,903		$             32,834		$                          16,839			$               3,639		$                   1,193		$           88,650









		Year ended December 31, 2017
		Brazil		Argentina		Mexico		Chile		Venezuela		Colombia		Other Countries		Total
		(In thousands)
Balance, beginning of the year		$                27,660		$            6,587		$          29,342		$                 17,388		$               5,989		$               3,643		$                1,188		$           91,797
- Business acquisitions		5,966		—		—		—		—		—		—		5,966
- Effect of exchange rates changes		(1,134)		(826)		1,054		1,417		—		(11)		5		505
- Deconsolidation of Venezuelan subsidiaries		—		—		—		—		(5,989)		—		—		(5,989)
Balance, end of the year		$                32,492		$            5,761		$          30,396		$                 18,805		$                    —		$               3,632		$                1,193		$           92,279



Expected Intangible Asset Amortization Expense


For year ended 12/31/2018						$                          1,282
For year ended 12/31/2019						2,755
For year ended 12/31/2020						1,711
For year ended 12/31/2021						1,291
Thereafter						2,241
						$                          9,280



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Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

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