Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets [Abstract]

4. Goodwill and intangible assets

The composition of goodwill and intangible assets is as follows:


	June 30,	December 31,
	2019	2018
	(In thousands)
Goodwill	$ 90,375	$ 88,883
Intangible assets with indefinite lives
- Trademarks	8,763	8,584
Amortizable intangible assets
- Licenses and others	5,415	5,406
- Non-compete agreement	2,803	3,028
- Customer list	14,915	14,897
- Trademarks	4,680	4,565
Total intangible assets	$ 36,576	$ 36,480
Accumulated amortization	(19,768)	(17,899)
Total intangible assets, net	$ 16,808	$ 18,581

Goodwill

The changes in the carrying amount of goodwill for the six-month period ended June 30, 2019 and the year ended December 31, 2018 are as follows:


	Period Ended June 30, 2019
	Brazil	Argentina	Mexico	Chile	Colombia	Other Countries	Total
	(In thousands)
Balance, beginning of the period	$ 30,069	$ 6,946	$ 31,340	$ 16,014	$ 3,339	$ 1,175	$ 88,883
Purchase price allocations adjustments	—	45	—	—	—	—	45
Effect of exchange rates changes	287	—	738	370	44	8	1,447
Balance, end of the period	$ 30,356	$ 6,991	$ 32,078	$ 16,384	$ 3,383	$ 1,183	$ 90,375



	Year Ended December 31, 2018
	Brazil	Argentina	Mexico	Chile	Colombia	Other Countries	Total
	(In thousands)
Balance, beginning of the year	$ 32,492	$ 5,761	$ 30,396	$ 18,805	$ 3,632	$ 1,193	$ 92,279
- Business acquisitions	3,110	3,175	543	61	80	53	7,022
- Effect of exchange rates changes	(5,533)	(1,990)	401	(2,852)	(373)	(71)	(10,418)
Balance, end of the year	$ 30,069	$ 6,946	$ 31,340	$ 16,014	$ 3,339	$ 1,175	$ 88,883

Intangible assets with definite useful life

Intangible assets with definite useful life are comprised of customer lists, non-compete and non-solicitation agreements, acquired software licenses, and other acquired intangible assets including developed technologies and trademarks. Aggregate amortization expense for intangible assets totaled $919 thousands and $1,656 thousands for the three-month periods ended June 30, 2019 and 2018, respectively, while aggregate amortization expense for intangible assets for the six-month periods ended June 30, 2019 and 2018 amounted to $2,149 thousands and $3,328 thousands, respectively.

The following table summarizes the remaining amortization of intangible assets (in thousands of U.S. dollars) with definite useful life as of June 30, 2019:


For year ended 12/31/2019		$ 2,069
For year ended 12/31/2020		2,396
For year ended 12/31/2021		1,819
For year ended 12/31/2022		1,072
Thereafter		689
		$ 8,045