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Goodwill and Intangible Assets, Net | 3 Months Ended
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Jun. 30, 2020
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) | 2020 |  | 2019 |  | 2019
North America | $ | 96,099 |  |  | $ | 96,546 |  |  | $ | 96,244 |
Europe | 34,929 |  |  | 34,426 |  |  | 34,300 |
Asia/Pacific | 1,307 |  |  | 1,340 |  |  | 1,335 |
Total | $ | 132,335 |  |  | $ | 132,312 |  |  | $ | 131,879 |
Intangible assets, net, at the dates indicated were as follows:
| At June 30, 2020
| Gross |  |  |  | Net
| Carrying |  | Accumulated |  | Carrying
(in thousands) | Amount |  | Amortization |  | Amount
North America | $ | 33,755 |  |  | $ | (20,898 | ) |  | $ | 12,857 |
Europe | 25,582 |  |  | (16,300 | ) |  | 9,282 |
Total | $ | 59,337 |  |  | $ | (37,198 | ) |  | $ | 22,139 |
| At June 30, 2019
| Gross |  |  |  | Net
(in thousands) | Carrying Amount |  | Accumulated Amortization |  | Carrying Amount
North America | $ | 30,824 |  |  | $ | (17,586 | ) |  | $ | 13,238 |
Europe | 23,599 |  |  | (13,846 | ) |  | 9,753 |
Total | $ | 54,423 |  |  | $ | (31,432 | ) |  | $ | 22,991 |
| At December 31, 2019
| Gross |  |  |  | Net
(in thousands) | Carrying Amount |  | Accumulated Amortization |  | Carrying Amount
North America | $ | 33,756 |  |  | $ | (19,173 | ) |  | $ | 14,583 |
Europe | 25,500 |  |  | (15,012 | ) |  | 10,488 |
Total | $ | 59,256 |  |  | $ | (34,185 | ) |  | $ | 25,071 |
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 $1.6 million and $1.3 million for the three months ended June 30, 2020 and 2019, respectively, and was $3.0 million and $2.7 million for the six months ended June 30, 2020 and 2019, respectively. The weighted-average amortization period for all amortizable intangibles on a combined basis is 5.5 years. The only indefinite-lived intangible asset, consisting of a trade name, totaled $0.6 million at June 30, 2020. At June 30, 2020, the estimated future amortization of definite-lived intangible assets was as follows:
(in thousands) |
Remaining six months of 2020 | $ | 2,971 |
2021 | 5,430 |
2022 | 3,442 |
2023 | 2,621 |
2024 | 1,671 |
2025 | 1,425 |
Thereafter | 3,963 |
| $ | 21,523 |
The changes in the carrying amount of goodwill and intangible assets for the six months ended June 30, 2020, were as follows:
|  |  | Intangible
(in thousands) | Goodwill |  | Assets
Balance at December 31, 2019 | $ | 131,879 |  |  | $ | 25,071 |
Amortization | — |  |  | (3,013 | )
Foreign exchange | 456 |  |  | 81 |
Balance at June 30, 2020 | $ | 132,335 |  |  | $ | 22,139 |

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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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