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Goodwill and Intangible Assets, Net | 6 Months Ended
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Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | Goodwill and Intangible Assets, Net Goodwill at the dates indicated was as follows:
| At June 30, |  | At December 31,
(in thousands) | 2019 |  | 2018 |  | 2018
North America | $ | 96,546 |  |  | $ | 95,621 |  |  | $ | 96,435 |
Europe | 34,426 |  |  | 39,365 |  |  | 32,471 |
Asia/Pacific | 1,340 |  |  | 1,412 |  |  | 1,344 |
Total | $ | 132,312 |  |  | $ | 136,398 |  |  | $ | 130,250 |
Intangible assets, net, at the dates indicated were as follows:
| At June 30, 2019
| Gross |  |  |  | Net
| Carrying |  | Accumulated |  | Carrying
(in thousands) | Amount |  | Amortization |  | Amount
North America | $ | 30,824 |  |  | $ | (17,586 | ) |  | $ | 13,238 |
Europe | 23,599 |  |  | (13,846 | ) |  | 9,753 |
Total | $ | 54,423 |  |  | $ | (31,432 | ) |  | $ | 22,991 |
| At June 30, 2018
| Gross |  |  |  | Net
(in thousands) | Carrying Amount |  | Accumulated Amortization |  | Carrying Amount
North America | $ | 30,715 |  |  | $ | (15,232 | ) |  | $ | 15,483 |
Europe | 23,884 |  |  | (12,606 | ) |  | 11,278 |
Total | $ | 54,599 |  |  | $ | (27,838 | ) |  | $ | 26,761 |
| At December 31, 2018
| Gross |  |  |  | Net
(in thousands) | Carrying Amount |  | Accumulated Amortization |  | Carrying Amount
North America | $ | 30,825 |  |  | $ | (16,002 | ) |  | $ | 14,823 |
Europe | 22,353 |  |  | (12,774 | ) |  | 9,579 |
Total | $ | 53,178 |  |  | $ | (28,776 | ) |  | $ | 24,402 |
Intangible assets consist of definite-lived and indefinite-lived assets. Definite-lived intangible assets include customer relationships, patents, unpatented technology, and non-compete agreements. Amortization expense of definite-lived intangible assets was $1.3 million for each of the three-month periods ended June 30, 2019 and 2018, respectively, and was $2.7 million and $2.6 for the six months ended June 30, 2019 and 2018, respectively. The weighted-average amortization period for all amortizable intangibles on a combined basis is 5.4 years. The only indefinite-lived intangible asset, consisting of a trade name, totaled $0.6 million at June 30, 2019. At June 30, 2019, the estimated future amortization of definite-lived intangible assets was as follows:
(in thousands) |
Remaining six months of 2019 | $ | 2,725 |
2020 | 5,421 |
2021 | 4,942 |
2022 | 3,052 |
2023 | 2,248 |
2024 | 1,285 |
Thereafter | 2,702 |
| $ | 22,375 |
The changes in the carrying amount of goodwill and intangible assets for the six months ended June 30, 2019, were as follows:
|  |  | Intangible
(in thousands) | Goodwill |  | Assets
Balance at December 31, 2018 | $ | 130,250 |  |  | $ | 24,402 |
Acquisitions | 1,815 |  |  | 1,213 |
Amortization | — |  |  | (2,657 | )
Foreign exchange | 247 |  |  | 33 |
Balance at June 30, 2019 | $ | 132,312 |  |  | $ | 22,991 |

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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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