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Goodwill and Intangible Assets, Net | 9 Months Ended
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Sep. 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 September 30, |  | At December 31,
(in thousands) | 2019 |  | 2018 |  | 2018
North America | $ | 96,192 |  |  | $ | 95,677 |  |  | $ | 96,435 |
Europe | 33,710 |  |  | 39,404 |  |  | 32,471 |
Asia/Pacific | 1,289 |  |  | 1,378 |  |  | 1,344 |
Total | $ | 131,191 |  |  | $ | 136,459 |  |  | $ | 130,250 |
Intangible assets, net, at the dates indicated were as follows:
| At September 30, 2019
| Gross |  |  |  | Net
| Carrying |  | Accumulated |  | Carrying
(in thousands) | Amount |  | Amortization |  | Amount
North America | $ | 31,305 |  |  | $ | (18,461 | ) |  | $ | 12,844 |
Europe | 23,351 |  |  | (14,379 | ) |  | 8,972 |
Total | $ | 54,656 |  |  | $ | (32,840 | ) |  | $ | 21,816 |
| At September 30, 2018
| Gross |  |  |  | Net
(in thousands) | Carrying Amount |  | Accumulated Amortization |  | Carrying Amount
North America | $ | 30,715 |  |  | $ | (15,993 | ) |  | $ | 14,722 |
Europe | 23,935 |  |  | (13,200 | ) |  | 10,735 |
Total | $ | 54,650 |  |  | $ | (29,193 | ) |  | $ | 25,457 |
| 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 $1.4 million for each of the three-month periods ended September 30, 2019 and 2018, respectively, and was $4.1 million and $4.0 million for the nine months ended September 30, 2019 and 2018, respectively. The weighted-average amortization period for all amortizable intangibles on a combined basis is 5.2 years. The only indefinite-lived intangible asset, consisting of a trade name, totaled $0.6 million at September 30, 2019. At September 30, 2019, the estimated future amortization of definite-lived intangible assets was as follows:
(in thousands) |
Remaining three months of 2019 | $ | 1,371 |
2020 | 5,460 |
2021 | 4,981 |
2022 | 3,118 |
2023 | 2,314 |
2024 | 1,349 |
Thereafter | 2,607 |
| $ | 21,200 |
The changes in the carrying amount of goodwill and intangible assets for the nine months ended September 30, 2019, were as follows:
|  |  | Intangible
(in thousands) | Goodwill |  | Assets
Balance at December 31, 2018 | $ | 130,250 |  |  | $ | 24,402 |
Acquisitions | 1,815 |  |  | 1,213 |
Reclassifications | (370 | ) |  | 481 |
Amortization | — |  |  | (4,065 | )
Foreign exchange | (504 | ) |  | (215 | )
Balance at September 30, 2019 | $ | 131,191 |  |  | $ | 21,816 |

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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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