XML 24 R10.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Goodwill and Other Intangibles | 12 Months Ended
--- | ---
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and other intangibles | NOTE 4 – GOODWILL AND OTHER INTANGIBLES Goodwill: Goodwill is reviewed for impairment annually during the fourth quarter, or more frequently if events or changes in business conditions indicate that impairment may exist. Goodwill is not amortizable for financial statement purposes. The Company did not record any goodwill impairment during the years ended December 31, 2018 or 2017. The carrying amount of the Company’s goodwill was included in “Goodwill” on the accompanying Consolidate Balance Sheets as of December 31, 2018 and 2017. During the year ended December 31, 2018 and 2017, the Company recorded an increase in goodwill of $18.2 million and $3.7 million, respectively, resulting from small acquisitions. The following table identifies the changes in goodwill for the years ended December 31, 2018 and 2017 (in thousands):
| 2018 |  | 2017
Goodwill, balance at January 1, | $ | 789,058 |  |  | $ | 785,399 |
Change in goodwill | 18,202 |  |  | 3,659 |
Goodwill, balance at December 31, | $ | 807,260 |  |  | $ | 789,058 |
As of December 31, 2018 and 2017, other than goodwill, the Company did not have any indefinite-lived intangible assets. Intangibles other than goodwill: The following table identifies the components of the Company’s amortizable intangibles as of December 31, 2018 and 2017 (in thousands):
| Cost of Amortizable Intangibles |  | Accumulated Amortization (Expense) Benefit |  | Net Amortizable Intangibles
| December 31, 2018 |  | December 31, 2017 |  | December 31, 2018 |  | December 31, 2017 |  | December 31, 2018 |  | December 31, 2017
Amortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |
Favorable leases | $ | 18,930 |  |  | $ | 22,500 |  |  | $ | (12,564 | ) |  | $ | (14,495 | ) |  | $ | 6,366 |  |  | $ | 8,005 |
Non-compete agreements | 2,757 |  |  | 1,851 |  |  | (679 | ) |  | (464 | ) |  | 2,078 |  |  | 1,387 |
Total amortizable intangible assets | $ | 21,687 |  |  | $ | 24,351 |  |  | $ | (13,243 | ) |  | $ | (14,959 | ) |  | $ | 8,444 |  |  | $ | 9,392 |
Unfavorable leases | $ | 10,180 |  |  | $ | 14,470 |  |  | $ | 8,486 |  |  | $ | 11,853 |  |  | $ | 1,694 |  |  | $ | 2,617 |
During the years ended December 31, 2018 and 2017, the Company recorded non-compete agreement assets in conjunction with small acquisitions in the amounts of $0.9 million and $0.2 million, respectively. The Company recorded favorable lease assets in conjunction with a previous acquisition; these favorable lease assets represent the values of operating leases acquired with favorable terms. These favorable leases had an estimated weighted-average remaining useful life of approximately 8.4 years as of December 31, 2018. For the years ended December 31, 2018, 2017 and 2016, the Company recorded amortization expense of $1.4 million, $1.6 million and $2.1 million, respectively, related to its amortizable intangible assets, which were included in “Other assets, net” on the accompanying Consolidated Balance Sheets as of December 31, 2018 and 2017. The Company recorded unfavorable lease liabilities in conjunction with a previous acquisition; these unfavorable lease liabilities represent the values of operating leases acquired with unfavorable terms. These unfavorable leases had an estimated weighted-average remaining useful life of approximately 2.7 years as of December 31, 2018. For the years ended December 31, 2018, 2017 and 2016, the Company recognized an amortized benefit of $0.9 million, $1.5 million and $2.1 million, respectively, related to these unfavorable operating leases, which were included in “Other liabilities” on the accompanying Consolidated Balance Sheets as of December 31, 2018 and 2017. The following table identifies the estimated amortization expense and benefit of the Company’s intangibles for each of the next five years as of December 31, 2018 (in thousands):
| December 31, 2018
| Amortization Expense |  | Amortization Benefit |  | Total Amortization Expense
2019 | $ | (1,483 | ) |  | $ | 713 |  |  | $ | (770 | )
2020 | (1,306 | ) |  | 541 |  |  | (765 | )
2021 | (1,078 | ) |  | 389 |  |  | (689 | )
2022 | (961 | ) |  | 51 |  |  | (910 | )
2023 | (787 | ) |  | — |  |  | (787 | )
Total | $ | (5,615 | ) |  | $ | 1,694 |  |  | $ | (3,921 | )

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration